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Updated over 3 years ago on . Most recent reply
Investment Loans that require less than 20% down?
Hello,
I understand most lenders require 20-25% down for investment properties. I spoke to someone and he mentioned that he was able to secure a loan for one of his AirBnb properties with only 5% down, however, this lender is not licensed in the states that I want to invest in so I can't use them. I am wondering if anyone here has any experience with investment loans that allow borrowers to put down less than the typical 20-25%?
Thanks,
CT
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Originally posted by @CT Nguyen:
Hello,
I understand most lenders require 20-25% down for investment properties. I spoke to someone and he mentioned that he was able to secure a loan for one of his AirBnb properties with only 5% down, however, this lender is not licensed in the states that I want to invest in so I can't use them. I am wondering if anyone here has any experience with investment loans that allow borrowers to put down less than the typical 20-25%?
Thanks,
CT
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That friend committed mortgage fraud. Get a copy of their settlement paperwork, and I'll show you exactly where it was committed.