Sjsxoxo,  in Brockton, MA

Preapproval requirements

Asked by Sjsxoxo, Brockton, MA Fri Oct 19, 2012

How long must you be on your job for and my clients are first time homebuyers with no trade lines and want to buy investment properties. What must they do to get preamp proved?

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Ask a local lending professional in a smaller local bank.
Local lenders may have some unusual programs or incentives for the local market.

The more experienced in investments the better.
In fact, you probably/may need a commercial originator if they are buying multiple units and aren't occupying.

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0 votes Thank Flag Link Sat Oct 27, 2012
Great question. Two years required on a job. Just out of college is ok, too, with full time employment. Three trade lines with 12-24 month history. Any other questions, feel free to contact me.
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0 votes Thank Flag Link Fri Oct 19, 2012
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