First deal! 10-15 year balloon?

[Kyle Ferguson]

Small home town bank! Saying only fund 75% of deal so im assuming that means they require me to give 25% down? Looking for advice on better options or pros/cons of balloon?

[Rico Nasol]

@Kyle Ferguson yes. You can always do a Fannie or Freddie backed loan, but you are capped at 10 of these (these typically have the best rates). You can look at a portfolio lender that can give you (depending on your credit score) between 4-5% and 25-30 year terms as well. Personally we do the portfolio lender so we don't have to worry about Fannie or Freddie limitations.