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Updated over 4 years ago,
Know of a 5% Down Conventional Loan Product?
Hello,
TL;DR Does anyone know of a lender who serves Texas that offers a 5% conventional loan product to financially strong applicants?
I bought my duplex using a 5% down conventional loan called Home Possible in January of 2019 at a 4.2% interest rate. Now, interest rates are much lower but the guidelines for home possible have shifted and I earn too much.
I'm seeking a lender with a 5% down loan product to avoid having to put more money in the property but still capitalize on the lower interest rates. My debt to income ratio is low and I have liquidable investments. The duplex is also in Texas and one side is my personal residence.
Thanks!