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Updated over 3 years ago,
Can I still get 3.5% down with a co borrower?
Hey everyone,
So I'm looking to purchase my first investment property and house hack one of the units. Only thing is that I recently started a new business less than a year ago that produces a ton of cash but I pay myself a modest salary. Since it's less than 2 years old they won't be able to help me with a loan unless I have someone with more stable proof of funds.
My question is, if I bring a co borrower in to show proof of funds will I still be able to get that 3.5% down? I will be the one financing the entire deal, they will just be helping me to make it happen while getting a % as well.
Thanks in advance,
Rachel Wagner