All Forum Posts by: Ryan Woodward

Excellent advice Angela. I like that option. Thank you.

John and Joel - you guys are a lot of help. Thank you! I had no idea this site could be so helpful. Just the info and experience I was hoping for. I do have a credit score in the mid 700's and the "dings" were not that substantial, but were noticed and each time the credit report got pulled the bureau that was issuing it was quick to point out that I had recently had my credit checked and frowned upon it. I'm glad to hear that it's not too big of a deal. And your guys assumption is correct! I will live in one of the 2 units. Again, you guys are very helpful.

Hello All! I’m brand new to this amazing site. To be honest I’m a novice. I look forward to gaining friends, learning & sharing.
My project is a property with 2 units on 1 parcel. My $145,000 offer was accepted. I'm having issues & was wandering if someone could help. I have $8,000 to put down.
FHA & USDA loan options were denied. I've found a credit union that will offer a conv. loan w/ 3% down. My credit is getting dinged because credit reports are pulled each time I inquired about loans. I would like to confirm/compare my rate, but don't want to keep getting my credit score lowered. Also, the credit union wants to charge an IR of 4.25%, which is almost a full percent more than the FHA/USDA. Any advice on if this is a decent rate? Any advice of where else to look for loans without lowering my credit report?
Any advice is appreciated.