Podcast #44: Denver Lending w/ Jon Wilms of FirstBank

This the fourth and final show (at least for now) in our new mini-series of talking with local lenders around Denver. If you’ve listened to a few of our podcasts, you know the importance of financing for real estate investing. We wanted to do a series of interviews with lenders that we regularly recommend and work with.

Today, I sit down with Jon Wilms of FirstBank. I asked Jon to come on the show to discuss the various lending products that FirstBank offers.  Jon is a bank officer and can underwrite various types of loans at FirstBank. I picked his brain about various products that Colorado real estate investors can use. FirstBank offers both conventional and portfolio loan products.

I learned a lot from talking with Jon. Hopefully our conversation gives you insight into more lending options for you.

Topics:

  • FirstBank’s underwriting guidelines for their portfolio products (and how they compare to conventional)
  • Their guidelines for funding non-warrantable loans
  • Getting loans as a LLC or self directed IRA
  • The sliding scale First Bank uses for debt-to-income (DTI) ratios.
  • Numerous investing scenarios that I threw at Jon!

Contact Jon at [email protected] or 303-456-2356

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Authors
Chris Lopez
Chris Lopez is a Denver area real estate entrepreneur and investor, as well as the host of Bigger Pockets’ House Hackerz and the Denver Real Estate Investing Podcast.
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