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Updated over 7 years ago,
Need to finance more rentals
I am a RE Investor in the Hampton Roads area that has been doing buy and holds since 2013. My FCU was letting me buy the properties 10% down, 5/5 ARM, No PMI, 3.75% APR. They were financing in house.
Unfortunately, yesterday they told me they discontinued that program. I'm looking to find another lender looking to do the same or very similar.
The key for me is not putting more than 10% down. I'm ok with an ARM or 25-30 year mortgage. Anyone out there that could help?