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Updated over 7 years ago,

User Stats

21
Posts
5
Votes
Sarah Payne
  • Houston, TX
5
Votes |
21
Posts

Down Payment partner and conventional mortgage

Sarah Payne
  • Houston, TX
Posted
I have a private investor who will provide the down payment for my first SFH investment property. I will manage and plan to refinance to get their money back. Planning on using conventional loan. Two questions: Is it possible to get a conventional mortgage with only 20% down, for non-owner occupied? I am guessing I can refinance from a conventional to a conventional? But most of my BP reading uses examples of 100% private lender to conventional, so looking for a little clarification as a new investor.

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