Profile picture for joneskev

3-unit multifamily property, Ballard

Hi there, I am looking for a loan on a 3-unit multi-family property in Ballard, 20% down, excellent credit.  Zillow is not showing any suitable lenders.  Any advice?  Thank you.
  • May 31 2010 - Ballard
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Answers (5)

Here are four from my web site I highly recommend.

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  • June 01 2010
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I have several great lenders I work with. Feel free to contact me anytime!

  • May 31 2010
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Profile picture for OelrichTeam

Even if you aren't planning to occupy one of the units, if you work with the right lender it may still be possible to acquire the property with 20% down.  However, this would be on an exception basis with a portfolio lender, and would require that in addition to having excellent credit...you would have to have strong liquid reserves.

  • May 31 2010
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Most lenders require 25% down on investment property.  If this is going to be your primary residence then 20% down will be alright with lenders.  Interest rates are awesome right now -
  • May 31 2010
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Profile picture for daveskow
will you live in one of the units ? or will all be rented ?

can down payment be increased  to 25%
  • May 31 2010
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