First investment property for less than 10% down

[Sundone Boutvyseth]

Looking to buy a single family home and use as a STR on Airbnb. Are there any loans out there that require less than 10% down?

[Brad Jacobson]

Hey @Sundone Boutvyseth,

Mountain America actually has a private loan program for Utah investment properties that is only 10% down.  I've now used it twice.

The program requires 10% down, must be a rental, no PMI, and has a very high standard of credit.

Last I did it (Summer 2022), my rate landed in the low 5%.  I believe they're almost 8% with that program currently but if it provides an entry point, you should consider it!  Contact me if you'd like a lender recommendation.

On top of the MACU loan, you can buy a STR as a second residence which only requires 10% down as well. I personally haven't done this but I have helped clients do it in the past.

Hit me up if you're interested!