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Updated over 3 years ago on . Most recent reply

User Stats

6
Posts
4
Votes
Davis Pemstein
  • Realtor
  • Bay Area - Walnut Creek
4
Votes |
6
Posts

Seeking <25% Down Local Lenders

Davis Pemstein
  • Realtor
  • Bay Area - Walnut Creek
Posted

Hi Everyone,

I'd appreciate some referrals of local banks offering less than 25% down for products involving BRRRR or renovation loans. Or perhaps many have tightened up their risk. Thanks in advance!

Most Popular Reply

User Stats

379
Posts
396
Votes
Jeff Schemmel
  • Real Estate Agent
  • Saint Paul, MN
396
Votes |
379
Posts
Jeff Schemmel
  • Real Estate Agent
  • Saint Paul, MN
Replied

I think Fannie/Freddie requires a 25% down minimum on non-owner-occupied multi-family, but you can still get 20% for non-owner-occupied single-family.  That's a lot of hyphenations in one sentence.

Anyhow, I'm looking for this too and I don't think I'm going to find it.

  • Jeff Schemmel

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