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Updated over 4 years ago on . Most recent reply

User Stats

28
Posts
7
Votes
Christian Ferreira
  • Rental Property Investor
  • Dunstable, MA
7
Votes |
28
Posts

20% Down Multi-Family Lender in MA

Christian Ferreira
  • Rental Property Investor
  • Dunstable, MA
Posted

Hello Everyone,

I am looking for a lender who would be willing to do a 20% down payment on a 4-plex in Massachusetts (MA) not owner occupied.

It can be an ARM if necessary

No PMI.

Income verification is not a problem.

Found a lender in NH although they won't lend on properties in MA for some odd reason. 

Thank you!

Christian 

Most Popular Reply

User Stats

190
Posts
117
Votes
Philip Ganz
  • Lender
  • Fort Lauderdale
117
Votes |
190
Posts
Philip Ganz
  • Lender
  • Fort Lauderdale
Replied

@Christian Ferreira   call a local bank where the property is located.  Banks locally have to lend within there Community Reinvestment Act (CRA)  area and therefore have easier guidelines within the zone.  

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