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Updated over 5 years ago on . Most recent reply

Different types of lending available
Good evening BiggerPockets,
I am a newer Connecticut investor with one 3 family property. I am looking to buy my 2nd home in the next 6 months or so and was curious to different types of lending that I may not know about. Is there anything other than
FHA, 20% conventional loans, portfolio lenders, or seller financing? I am considering looking a hard money lender possibly as well. I've heard there are conventional loans that require less of a percentage but I don't know anything about them. I am doing more research but figured I might come across some answers here as well. It's not I can't but how can I right?!
Thank you for any and all help!
-Ben Lemieux
Most Popular Reply

@Benjamin Lemieux Good morning, In my experience with conventional lending in CT, I have had to put 25% down to get a loan from the bank. I have spoken to some hard money lenders in the area, but the charge 12% and 2 points. I would rather save up money then do that.
Let me know if you find any good low down options!