Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Contractors
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Cristian Nicolaie
  • Investor
  • Mount Prospect, IL
0
Votes |
7
Posts

Chicago area 0% down financing

Cristian Nicolaie
  • Investor
  • Mount Prospect, IL
Posted

I have been talking to various lenders in Chicagoland area and most of them look for 20 - 25% down on the investment property and even worst 65% commercial, 70% to value for refinance options.

I was wondering if anyone has any success getting creative with the finance or even doing the 0% down.

Most Popular Reply

User Stats

2,717
Posts
1,689
Votes
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
1,689
Votes |
2,717
Posts
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied
Originally posted by @Cristian Nicolaie:

I have been talking to various lenders in Chicagoland area and most of them look for 20 - 25% down on the investment property and even worst 65% commercial, 70% to value for refinance options.

I was wondering if anyone has any success getting creative with the finance or even doing the 0% down.

 I know of a lender that will provide 100% down but it cannot be in the city & it would be a short term 5 month loan.  I wasn't sure about them @ 1st, but they actually closed on a loan a couple of months ago w/ us.  I'll send you a PM w/ the name.

  • Crystal Smith
  • 3126817487
  • Loading replies...