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Updated almost 7 years ago on . Most recent reply

Miles Sparenberg's profile image
Miles Sparenberg's profile image
Miles Sparenberg
  • Residential Real Estate Broker
  • from Carmel, IN
  • Member since Feb 3, 2016
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Miles Sparenberg's profile image
Miles Sparenberg's profile image
Miles Sparenberg
  • Residential Real Estate Broker
  • from Carmel, IN
  • Member since Feb 3, 2016
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Miles Sparenberg
  • Residential Real Estate Broker
  • Carmel, IN
0
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Buying & Selling Real Estate

20% down for 1st "non-occupied" investment? - Central Indiana

Miles Sparenberg
  • Residential Real Estate Broker
  • Carmel, IN
Posted

Hey everyone!

I'm making my first purchase on a "non-owner occupied" duplex in Central Indiana and the first mortgage company that I went to get pre-approved will only allow 25% down. Are there any lenders around the northern Indianapolis area that will allow 20% down on an investment deal? Right now, I only have the 20% for the property that I'm am offering on. Thanks!

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    Julius Taylor's profile image
    Julius Taylor's profile image
    Julius Taylor
    • from Fishers, Indiana
    • Member since Oct 28, 2017
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    Julius Taylor's profile image
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    Julius Taylor
    • from Fishers, Indiana
    • Member since Oct 28, 2017
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    Julius Taylor
    • Fishers, IN
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    Julius Taylor
    • Fishers, IN
    Replied

    Try Crane Credit Union.  I believe they do 20% down

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