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Updated about 4 years ago,
Help with Refi in NY state
I've just purchase a duplex in the state of NY with an ARV of $100,000. It has been purchased in cash
I'm long term renting to section 8 tenants only.
I'm looking for lenders who have no seasoning period, will offer 25+ year terms. And will loan based on the rental income from section 8.
Does that exist?
Curently I've found lender than will loan for 20 year loans, 3.5% interest but reset based on prime numbers every 5 year. They have no seasoning period.