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Updated over 6 years ago,

User Stats

68
Posts
7
Votes
Isaac Chun
  • North Las Vegas, NV
7
Votes |
68
Posts

Traditional loan down payment clarification

Isaac Chun
  • North Las Vegas, NV
Posted

Hi, I needed some clarification on traditional financing. 

Here’s an example of a deal. 

Buying a SFR

Needs to be rehabbed 

Selling price $192,000

ARV $325,000

Total loan needed would be 75% LTV

Has at least 12 months of rental income history with positive cash flow

What would be required for a down payment for a non-owner occupied loan?

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