Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 04/30/2020
Mortgages for Investment Property in Chicago
Can an actual mortgage broker give me an indication of min down payment, i rate and any other requirement for mortgages options for investment property in Chicago, IL?
for best rate 780+ credit and 25% down. without knowing your profile and numbers, no one can give you any accurate numbers.
@Pablo Yepez for an investment property that you are not going to live in, for Conventional financing you need 15% down for a 1-unit property and 25% down for a 2-4 unit property. No one with any credibility is going to quote you a rate without running your credit, and especially not here on BP.
CV3 Financial
|
Sponsored
Fix & Flip | DSCR | Construction Loans Up to 90% LTV - Up to 80% Cash Out - No Income Verification - No Seasoning Requirements