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Updated over 3 years ago on . Most recent reply
10% Down, no income/no asset, Rental Loan
Does this really exist? I am looking to buy a short term rental in outer banks and really only have 10% to put down- houses are about $600k. My FICO is a little north of 700. I easily have 10% down but not 20%. I will not income verify because of current mortgage on primary residence (debt to income ratio would be too high) I also have a seasoned LLC, over 7 yrs old, if needed.
I am having a really hard time finding an actual lender. Has anyone done this? Not 'heard about it' - actually done this? Thanks in advance for any insight!
Joe