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Updated over 8 years ago on . Most recent reply

User Stats

22
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4
Votes
Eric Lewis
  • Fort Mill, SC
4
Votes |
22
Posts

Home Path Investment Mortgage

Eric Lewis
  • Fort Mill, SC
Posted

Good afternoon, I am fairly new to real estate investing.  I have one rental property now that was formally my primary residence I have been renting now a little over two years successfully.  It isn't cashflow positive but I'm not losing money on it and paying down the mortgage.  I'm looking to start investing and building a portfolio now and I know conventional mortgage's I'm looking at typically 20% down minimum.  I know Homepath offered mortgage programs with 10% down on non owner occupied properties but is that program no longer available?  I haven't been able to find much information on that.  I have about 80k in equity in my current home and may tap into that possible to purchase some more properties but was curious if there were any other programs out there where I can get by with putting less than 20% down.

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