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Updated almost 10 years ago on . Most recent reply
mortgage lenders for investment properties? recommendations?
I see hard money lenders category on BP but no list of mortgage companies that specialize or work well with investors.
here is what I have purchase contract for/looking to finance: 68k purchase price on a fully occupied duplex, I can put 20%-25% down giving me a 51-54k amount to mortgage. This will keep me above the 50k minimum requirement to get a 30yr fixed mortgage. (im in it for cashflow, not principle paydown).
The bank I do commercial loans with is very small, doesnt do much with investment properties regarding mortgages.
I only have 1 other SFR mortgage.
Any "must check with" mortgage companies out there you recommend or have had a good experience with getting a 30yr fixed low interest loan on an investment property?
Most Popular Reply
I think it would be a great idea to compose a list of national and maybe localized mortgage lenders (not just hard money lenders) listed on BP that like to do mortgages with investors such as offering low fixed interest rates eventhough its not owner occupied, 25% or less down, 10 mortgages allowed since some banks have lower limits on how many, etc..
would be a handy list? :) @Joshua Dorkin