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Updated about 4 years ago,

User Stats

153
Posts
76
Votes
Ben Scarborough
  • Realtor
  • Gulf Shores, AL
76
Votes |
153
Posts

How to qualify for a Down Payment <20%?

Ben Scarborough
  • Realtor
  • Gulf Shores, AL
Posted

My future investment partner and I are planning to buy our first property within the next 6 months, but are curious if there are some different ways we could qualify for a loan, putting <20% down. I should mention him and I both live in single family homes and house hacking is not feasible as we both have family and friends who come visit pretty regularly from out of town.

We want to invest locally, but we are in the Atlanta market and homes in the growing/thriving areas here certainly aren't cheap for new investors. That being said, the opportunity to put less down on a property could open the door for us in several more areas than we currently can afford. Please let me know any ideas y'all may have. Thank you for your time!

-Ben Scarborough

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