What loan packages are being offered for investment rentals??

[David Cunha]

I'm curious what the loan packages for long term rentals might be? Mainly asking what's the bare minimum downpayment needed? I'm looking at the Des Moines or Indianapolis areas specifically but wouldn't mind input from any area. Thank you

[Darson Grantham]

@David Cunha, Most lenders are 20-25% down, but there are 1-2 lenders local in Des Moines that for first-time clients, can put 10% down and be non-occupied, but honestly, these local bank programs change by the month and the appetite of each bank!  Happy to help facilitate that discussion if you'd like a warm intro.