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Updated 2 days ago, 12/18/2024

User Stats

7
Posts
4
Votes
Tyler Carter
  • Huntsville, AL
4
Votes |
7
Posts

SFR loan programs < 25% down

Tyler Carter
  • Huntsville, AL
Posted

Recently completed a cash-out refi and want to take that money and buy 2 additional properties (~$200k or less each).  Currently have 3 rentals and conventional lending has been my norm, but all the local lenders are predominantly 25% down.  Some have a 20% down, but the rate rises significantly.  Great credit scores and plenty of income from my W-2 source.  Are there decent 15% or 20% options out there for purchases in Alabama?

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