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Answers (4)
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
That should be easily available. The only problem that may arise with putting only 20% down instead of 30% is you will not be able to include rental income in your DTI for qualification purposes.
As previously mention, contact "Shap," I'm positive he can serve you very well. .... Happy funding, Rudi
As previously mention, contact "Shap," I'm positive he can serve you very well. .... Happy funding, Rudi
- Dallas Banker
- Contributions:335
As Gary said, there are still a few lenders left that will do investment properties with 20% down. In terms of rate, you may be looking at about a half a point higher compared to a loan with 25% down.
- Scott & Marla Wynn, "WynnTeam"
- Contributions:79
You should be able to find a lender who can finance an investment property with 20% down.
Perhaps you should check with a correspondent lender or a direct servicer instead of a broker.
Perhaps you should check with a correspondent lender or a direct servicer instead of a broker.
- Gary Cohen, "Gary Sells Money"
- Contributions:48
There are lenders available that I work with that allow for 20% down payment. The rate is a little higher to compensate them for the additional risk but will save you putting the extra 5%.
Is there anyone willing to do a loan for an investment property with 20% down, instead of 25%?
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