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Updated almost 8 years ago on . Most recent reply

User Stats

18
Posts
12
Votes
Sam Levine
  • St. Louis, MO
12
Votes |
18
Posts

Questions Regarding Investment Property Financing

Sam Levine
  • St. Louis, MO
Posted

I'm working on financing a duplex as a non-owner occupant. After talking to multiple lenders, it appears there are more restrictions than I first imagined. Namely, the seller can only cover 2% of closing costs, 25% downpayment requirement and interest rates around 4.5%. This is my first shot at this, so I wanted to see if this is standard or if there are other ways to get a better deal on the mortgage.

Thanks in advanced.

Sam

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