5 percent down loans

[Ryan Keenan]

curious if there are any banks who do 5 or 3 percent down loans with interest rates lower then 5 percent for loans 60 to 100k?

Thanks!

Ryan

[Christopher Giannino]

@Ryan Keenan are you referring to strictly owner occupant loans?  I know Wells Fargo offers a 3% down loan and they tend to be pretty competitive with their rates.  I provided a link to their website below explaining the program.

https://www.wellsfargo.com/mortgage/loan-programs/...

Also, as I'm sure you know, FHA loans are 3.5% down. Here's a link to their website.

https://www.fha.com/

If you're looking for investment loans, I don't believe banks will go less than 20% unless you are able to build a working relationship with a small bank or credit union in your area.  Even then, it could be a long shot.