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Can I get a loan in a different state than the property for investment?

Profile picture for bddy
I live in NC and am looking for investments in PA.
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August 25 2009 - US
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Answers (4)

Profile picture for mikeharrison
As long as he is licensed it should not be a problem. However someone local may be able to take care of you better. They will know the best service providers (appraisers, title, RE agents, ect.) ) to use and will have a personal relationship with them in case you need a favor.

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August 26 2009
Profile picture for JohnDoucette
Bddy,

If your local lender is licensed in the state of Pennsylvania then you should be able to work with them if you would like to do so.  Ask your loan officer to ensure that they have current licensing there.  Hope this helps!

John
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August 26 2009
Profile picture for Carl Henker
Not every lender can lend in every state ask your favorite local lender if they can assist or recommend someone in PA.
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August 25 2009
Profile picture for bddy
I have 20-25% down, I just want to know if I can work with my local lender or have to jump through hoops in Pa when I go look at the properties.
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August 25 2009
 

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