Lending Companies Near You | BiggerPockets Company Directory

Find A Lending Company

The purpose of the BiggerPockets’ company directory is to help our members find real estate investing resources near them. Members can best use the lending company directory in order to find local lenders that will assist in securing a loan. Once you have narrowed down a search by location each member can look through the list of results in order to find the best lender for them.

The section on the right hand side of all of the lender listings are displayed to help users qualify a lender. Here, members will be able to see the number of personal deals entered into their BiggerPockets profile and referrals by other members. In this section you will also see how active this lender is on the forums through seeing the number of posts and upvotes on those posts within the forums. The final portion will show you each lender’s specialization which will help you decide if this lender is a good fit for your real estate investing strategy.

Questions To Ask A Lender

Before you apply for a mortgage loan, there are some important questions you will want to ask your lender. These questions will help you feel confident in your decision to apply for a mortgage and the knowledge of your lender. Here are some questions you should ask your lender before applying for a loan:

Which type of loan is best for me?

Any good lender will want to know more about your financial situation before they give you an idea of which type of loan is best for you. There are all different types of loans out there and it is important to know they are finding the best loan for you. Make sure they are doing their due diligence before determining the best loan type for you.

How much house can I afford?

Before you are able to start seriously looking at homes, you will want to know how much house you can afford. There are more factors going into a loan than how much money you make, you may be surprised at how much or little you can afford! Make sure to get a clear idea from your lender before you start looking at homes to purchase.

What would my interest rate be?

A good interest rate is one of the most important factors when buying a home. Make sure you are clear on your interest rate and when you might be eligible to refinance into a new interest rate if your starting rate is higher than you would like.

Will I have to pay private mortgage insurance?

Depending on your loan type and how much money you are putting down, you may have to pay mortgage insurance.

What are all the costs I am responsible for?

Be sure that you understand what costs you are responsible for as a buyer. Aside from closing costs, there is also an inspection, appraisal and other costs during escrow that a buyer is typically responsible for.

What will my monthly payment be?

Based off of interest rate, down payment, loan type, mortgage insurance etc, your monthly payment will vary. Be sure you have a breakdown of what your final monthly payment will be.

What costs am I responsible for at closing?

It is hard to know the total cost of closing leading up to the day, but your lender should be able to give you a pretty good number of what you will be responsible for at closing.

Are there any other costs or fees I should be aware of?

There are plenty of fees associated with purchasing a home, be sure you know everything you will be responsible for during this process.

What else do you expect to need from me?

During this process there are a lot of documents, pay stubs, bank statements and more that your lender will need. It is always great to know up front what they might need so you have time to find those documents and deliver it to your lender on time.

Do I qualify for any grants or down payment assistance programs?

You may be surprised at how many grants and down payment assistance programs are out there! It’s your lender’s job to make sure you get the best mortgage loan and monthly payment. Make sure you ask the right questions to get the most affordable mortgage for you.

Private Money

Private Money: How to Choose the Perfect Lender

By Matt Faircloth

Do you have a few private lenders lined up or have private lenders who want to do some work with you? If so, how do you vet them and how do you decide which is the right private lender to work with?

Real Estate Financing

Investment Property Loans: The Ultimate Guide to Funding Your Deals

By Brandon Turner

Looking for investment property loans? Consider this your step-by-step road map to finding the best loans for your residential or commercial real estate investment properties.

Real Estate Financing

Private Money Lenders: Who They Are & 3 Feasible Ways to Find Them

By Ankit Duggal

Real estate investors often focus on finding the deal—but if you don’t have funding lined up, you’ll never land those properties! Learn how private money can help you dramatically scale your portfolio and how to find this form of funding in your existing social circles!

Find A Lending Company

Questions To Ask A Lender

Which type of loan is best for me?

How much house can I afford?

What would my interest rate be?

Will I have to pay private mortgage insurance?

What are all the costs I am responsible for?

What will my monthly payment be?

What costs am I responsible for at closing?

Are there any other costs or fees I should be aware of?

What else do you expect to need from me?

Do I qualify for any grants or down payment assistance programs?

Having Trouble? Contact Customer Support

Create a BiggerPockets Company Profile

Specialties

Find A Lending Company

Questions To Ask A Lender

Which type of loan is best for me?

How much house can I afford?

What would my interest rate be?

Will I have to pay private mortgage insurance?

What are all the costs I am responsible for?

What will my monthly payment be?

What costs am I responsible for at closing?

Are there any other costs or fees I should be aware of?

What else do you expect to need from me?

Do I qualify for any grants or down payment assistance programs?

Having Trouble? Contact Customer Support

Create a BiggerPockets Company Profile

Related Content

Private Money: How to Choose the Perfect Lender

Investment Property Loans: The Ultimate Guide to Funding Your Deals

Private Money Lenders: Who They Are & 3 Feasible Ways to Find Them