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Looking for lender specializing in multi-unit purchase.

by belinda410 from Loma Linda, California. Jul 8th 2016 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,045 contributions

More info needed.. 1 to 4 units falls within conforming loan limits.. but everything over 4 units will be commercial.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jul 8th 2016
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Larry Gray (lgray_312_247)
#563 ranked lender in California - 1,127 contributions

As William Acres brought up, more information is needed first of all to determine if it is a multi unit property of 2 to 4 units, or a commercial property of 5 or more units.Please let me know, and I can happily support you with information and a pre-approval letter or refer you to a reputable commercial lender.

Jul 11th 2016
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