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Updated over 4 years ago on . Most recent reply
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Who knows the best current investor loan programs?
OK BPers. Who knows the best current investor loan programs for the least amount down? I wasn't really looking but I stumbled across another place today I am going to put an offer in on. Im guessing I pick it up around 700k. I have the cash but I'd prefer to keep it to deploy toward another project I'm working on. Does anything exist with 5-15% down that doesn't have a grossly inflated rate? I have met some incredibly helpful people here for financing with other properties so figured I'd return to the well.
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Ehh.. "Investor friendly" loans typically means PML (private money lenders), and those companies demand 20-25% down.
Banks can offer lower amounts down, but they aren't exactly investor friendly, since they require a long history of consistent income, low DTI and certain credit demands.