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Updated over 6 years ago,
Traditional loan down payment clarification
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?