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Updated 11 months ago on . Most recent reply
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5% downpayment lender
I came across in rent to retirement podcast that there is a 5% downpayment option for investment properties from a credit union. Does anyone know the name of credit union and used it for lending to buy investment property?
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- Rental Property Investor
- Denver, CO
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@Havan Surat Thanks for the interest in this loan product. We are happy to provide you contact information for the credits unions that offer this product. This is not a Freddie/Frannie product. This is a portfolio loan offered by local credit unions where you can buy up to 5 pure investment properties with as little as 5% down if you qualify, which you do have to qualify still with DTI, credit, reserve requirements, etc.
There are different credit union options that would be best to connect with based on where you are investing and your situation, so that is why it's important to connect with our team to guide you on the right path on where to apply so you are not wasting your time and having multiple unnecessary credit pulls. Just send your RTR rep a message and we'll get you on the right track.
This is an excellent loan option that will allow investors to scale quickly and maximize tax benefits!!
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