Zillow Advice: Mortgage Types - What are Investor Mortgage guidelines? http://www.zillow.com/advice-thread/What-are-Investor-Mortgage-guidelines/419705/ Zillow Advice | Zillow Real Estate Hi,No, I don't.&nbsp; I just ... http://www.zillow.com/advice-thread/What-are-Investor-Mortgage-guidelines/419705/ Hi,<br/><br/>No, I don't.&nbsp; I just have 20% equity in my residence, so I just got rid of the whole PMI thing when I recently refinanced.&nbsp; I definitely don't have $60k in equity in my house.<br/><br/>We are trying to be conservative on the price, already have a tenant lined up and a property in mind. But it is frustrating; we don't want to get a property that is so expensive that the tenant wouldn't be able to make the rent either.<br/><br/>I could get to 20% down IF I sold some stock I have AND took out a loan in my 401k, but not to 25% down.<br/><br/>So there are no other options? <br/><br/><br/> Tue, 18 Oct 2011 16:57:00 GMT http://www.zillow.com/advice-thread/What-are-Investor-Mortgage-guidelines/419705/ 2011-10-18T16:57:00Z Two things going against ... http://www.zillow.com/advice-thread/What-are-Investor-Mortgage-guidelines/419705/ Two things going against you.&nbsp; The first is the % down and the second is the sales price.&nbsp; Typically speaking lenders like to see at least 20% preferably 25% down for investment properties.&nbsp; Also with that low loan amount you are going to limit your choices for lenders.&nbsp; Any chance you have the equity in your primary residence to refinance and pull the necessary cash out to buy this place. Tue, 18 Oct 2011 16:45:00 GMT http://www.zillow.com/advice-thread/What-are-Investor-Mortgage-guidelines/419705/ 2011-10-18T16:45:00Z