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Financing in 02478 : Real Estate Advice

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Activity 2
Tue Aug 20, 2013
GREG BLEYL answered:
We offer portfolio jumbo loans for multi family property.

Greg Bleyl
216-496-0211
greg.bleyl@charteronebank.com
NMLS 117969
1 vote 7 answers Share Flag
Thu Dec 30, 2010
... answered:
2 units are fine. I just had a 4-unit condominium project approved in Belmont and know the process. It took 5 weeks from submission to FHA, not counting the time to assimilate the documents needed to submit the application. You should NOT submit an incomplete application but othewise it's not a real complex process. Anyone can do it through what HUD' (FHA's parent agency) calls HRAP. It's easier with 2-4 units than with larger developments. Contact the HUD Home Ownership Center by phone at 800-CALL FHA. They'll assist you in the process or ask your mortgage professional to do it for you.

Tom
Thomas.Stevens@Flagstar.com
... more
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