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Updated almost 8 years ago on . Most recent reply

John Smith's profile image
John Smith's profile image
John Smith
  • from Sioux City, Iowa
  • Member since Feb 26, 2017
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13
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2
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John Smith's profile image
John Smith's profile image
John Smith
  • from Sioux City, Iowa
  • Member since Feb 26, 2017
Connect
John Smith
  • Sioux City, IA
2
Votes |
13
Posts
Private Lending & Conventional Mortgage Advice

Financing for duplex question

John Smith
  • Sioux City, IA
Posted

I got an offer accepted on a duplex. And am busy shopping around for the best deal.    It will be a strictly investment purchase.    I have had a few banks tell me it must be a commercial loan whiles with have said they can do it residential.      I want the residential for the 30 fixed.    Can both of the banks be correct?

It is a 123k duplex, I have 50k in cash, great credit and a 120k income

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