Lender for first SFH purchase in Arlington

[Kristina Inglis]

Hi, 

I'm looking to possibly buy a SFH to rehab and rent out. This will be my first purchase from an investment perspective and I need to line up funding. The offering price of the home is mid $500K - is it true that I will likely NOT find funding for less than 75% loan to value? I only have approx $50 - $70k to put down. Can anyone suggest any other options that I might have other than finding an investor? Also, any recommendations for lenders in or around Arlington VA / Norther VA?

Many Thanks,

Kristina 

[Tanya S.]

Hi @Kristina Inglis

@Kristina Inglis@Upen Patel is a local mortgage lender and has been a great resource for me and others on BP. He will definitely have some ideas for you if you go the conventional route. 

Your other options are hard money lenders - I do buy and hold, so don't have any recommendations, but there are plenty of people who rehab here on BP who should be able to point you in the right direction. @Jason Cohen may have some ideas. Your local REIA is also a good place to start - ask around and you will get some names.