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Trying to get an investment property, have 13 currently. Having trouble find a lender that can help.

by troy_yvm447 from Sheldon Springs, Vermont. Oct 20th 2015 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Conforming lending guidelines limit you to 10 financed properties.. you can own 100, but cannot have more than 10 financed.. otherwise, your stuck with private, portfolio, or hard money loans.. Your best source is a local mortgage broker, not the local bank or mortgage bank.. those types of lenders only offer a handful of lending programs with lots of restrictions.. with a broker, they deal with multiple lenders ( i have 21), with each one offering a different set of lending guidelines.. the more lenders, the more lending options and the greater likelihood your loan will get approved. 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 NMLS# 226347

Oct 20th 2015
Ray Antonelli (Focused)
#67 ranked lender in Ohio - 62 contributions

Hi Troy,I have a lender that will do a blanket mortgage on multiple investment properties as long as the loan amt is over 300K.Rates are competitive if the credit is good. Call me to discuss.Ray 216 337 7520

Oct 20th 2015
Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

I would suggest finding a local bank who provides portfolio lending. We have one here locally that allows for unlimited investment properties.

Oct 25th 2015
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