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Updated almost 11 years ago on . Most recent reply

User Stats

34
Posts
9
Votes
Steve Hyduchak
  • The Poconos, PA
9
Votes |
34
Posts

Lowest Down Payment Loan Possible

Steve Hyduchak
  • The Poconos, PA
Posted

Greetings BP,

I would like to hear experience with different types of financing that people have used and which is the most economical for someone starting out?

I would like the smallest down payment possible and I know of the FHA loan, but due to mortgage insurance for the life of the loan they are not that great anymore. And yes I have very good credit. I am not looking to owner-occupy at this time either. Plan on getting into lower income community multi-family units.

Any advice would be appreciated!

God bless

Most Popular Reply

User Stats

788
Posts
284
Votes
Bryan H.
  • Investor
  • Willow Spring, NC
284
Votes |
788
Posts
Bryan H.
  • Investor
  • Willow Spring, NC
Replied

Negotiate zero down seller financing with motivated seller

Get 10% down Homepath loan on Fannie Mae property.

Partner with someone to purchase and they provide down payment.

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