30 Year Fixed Rate Mortgages for Non-Owner Occupied Fourplex

[Don Nguyen]

Hi all,

This is my first post here and I am looking to secure my first deal on a non-owner occupied fourplex. It is considered a residential property because it is less than five units but most lenders I have found will not loan a 30 year FRM for it. The best case I’ve found are ARMs amortized over 30 years.

I was wondering if anyone know lenders in the Texas area, more specifically Houston, that will do 30 year FRMs for non-owner occupied residenial props?