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Updated over 3 years ago on . Most recent reply

User Stats

64
Posts
24
Votes
Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
24
Votes |
64
Posts

Any banks that offer less than 15-20% conventional loan downpaymt

Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
Posted

I am currently trying to find lenders that offer better than a 15 to 20% down payment for a conventional loan on two investment properties new build SFH in North Atlanta area.

So far I have been using the preferred lenders since they offer $2k from the lender and $2k from the builder towards closing costs, but it’s a 20% down payment.

I don’t close on these properties until June or July 2022 so please let me know if you know of any lenders that I could possibly use.

Thank you so much!!!

Most Popular Reply

User Stats

64
Posts
24
Votes
Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
24
Votes |
64
Posts
Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
Replied

@Patrick Bavaro thanks. Yeah I’m fully aware of the 10% with a ‘second home’ aka vacation home. But these homes I want will be investment properties and won’t be considered as second homes, or else I would do that every time lol

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