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Updated over 3 years ago on . Most recent reply

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Adam Roth
  • Real Estate Agent
  • Nashville, TN
5
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11
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10% down investment property loans?

Adam Roth
  • Real Estate Agent
  • Nashville, TN
Posted

Hey y'all, I'm sure this has been discussed already but I'm curious if anyone has any recommendations for lenders offering 10% down payment on an investment property in California? Thanks so much. 

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Chris Mason
  • Lender
  • California
10,790
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9,935
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Chris Mason
  • Lender
  • California
ModeratorReplied

Most direct answer, if you live in Tennessee and are buying a SFH, and are willing to personally come to California on vacation once a year (such as when the short term rental isn't occupied by others on vacation who are paying you for the privilege), 2nd homes can be acquired at 90% LTV.

Checklist here: https://selling-guide.fanniema...

But, for a traditional long term rental, if that is your intent in your heart of hearts when you sit across from the notary who will take your fingerprints, no there are not.

  • Chris Mason
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