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Updated almost 5 years ago on . Most recent reply

User Stats

91
Posts
20
Votes
Vee Vu
  • Real Estate Agent
  • Denver, CO
20
Votes |
91
Posts

Private lenders for 30 year fixed mortgage - Denver/ Aurora, CO

Vee Vu
  • Real Estate Agent
  • Denver, CO
Posted

Hi everyone, after many years watching other people investing in real estate, finally I pulled the trigger. I bought my first house as a primary residence last December. And now, I am ready for the next one. However, my lender said that in order to get another mortgage 5% down with low interest rate, I need to wait for 1 year. And I asked about investor loan, but the rate (5.5%) is high comparing to primary residence (3.5%). And I only want to put down 5% - 10%. How/ Where can I find private lenders who can do 30 year fixed mortgage with 5%- 10% down (price range: 350K - 550K)? Thank you

Most Popular Reply

User Stats

657
Posts
275
Votes
Nicholas Covington
  • Mortgage Broker
  • Dallas, TX
275
Votes |
657
Posts
Nicholas Covington
  • Mortgage Broker
  • Dallas, TX
Replied

Being honest nowhere. And if you find someone please let me know. There is no market that and 5-10% on an investment is too risky, I wouldn't lend on that even if I could.

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