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Updated 20 days ago, 11/07/2024

User Stats

5
Posts
0
Votes
Brooke Carlton
  • Realtor
  • Phoenix
0
Votes |
5
Posts

2.25% Interest Rate - Assumable Mortgage, down payment gap over $200k

Brooke Carlton
  • Realtor
  • Phoenix
Posted

I have a property listed for sale in Goodyear, AZ and it carries a 2.25% interest rate. The payment is about $1320 per month. The home was built in 2006, great neighborhood, close to the highways, close to everything new that is being built, close to a military base. The issue is the down payment is over $250k and no one has that or is willing to fork over that amount. Does anyone know of an affordable second loan to help with the down payment? Any other suggestions?