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Updated almost 8 years ago,

User Stats

38
Posts
18
Votes
John Claborn
  • Lubbock, TX
18
Votes |
38
Posts

Lubbock, Tx Lenders/Financing

John Claborn
  • Lubbock, TX
Posted

Good afternoon! I've spoken with a few banks regarding their lending practices for single family buy and holds along with rates, and terms. I've had a few get back to me with typical 15/20 year notes between 5%-6% interest with 15%-20% down. 

Does anyone have any Lubbock lenders that would favor other strategies of lending? I'm perfectly comfortable with the above rates and terms, but I'd also like other opinions if they are out there!

I've heard about a program through Alliance CU where they will loan up to the ARV of the property.

Thanks!

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