In middle negotiating for first investment purchase. I have talked to brokers about fianacing and they all say no problem due to good credit(700+). I’ve seen other posts, and am now wondering what i can do to make sure process of loan doesn’t slow purchase down. I am gonna offer contract next week and would like to get headstart on any possible roadblocks. Thanks.
Loan should go smooth if you have all your ducks in a row. I closed an investment property in 5 business days last week, but I have to say that is rare. Most loans take 2-3 weeks to close, which is not long at all in the real estate world.
Patrick is right,
If the loan amount is above 75K, you should be able to get 100% financing with that score.