Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

Account Closed
  • Omaha, NE
85
Votes |
201
Posts

mortgage lenders for investment properties? recommendations?

Account Closed
  • Omaha, NE
Posted

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

Account Closed
  • Omaha, NE
85
Votes |
201
Posts
Account Closed
  • Omaha, NE
Replied

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 

Loading replies...