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Updated about 8 years ago,

User Stats

4
Posts
1
Votes
Justin James
  • Investor
  • North Salt Lake, UT
1
Votes |
4
Posts

Utah Financing - 10% down payment lenders

Justin James
  • Investor
  • North Salt Lake, UT
Posted

Team,

Does any of my fellow Utahns know of any lenders that accept a 10% down payment for investment properties?

I recently stumbled upon MOUNTAIN AMERICA CREDIT UNION's MACU 90 program that fits this bill (10% down payment, no mortgage insurance, 30 year fixed at 4.625%).  It's awesome and I highly recommend it.  But, they only let you do 2 loans on that program.  I am wondering if anyone knows of any other lenders that offer a similar loan product.

If not, what lender's have you found that you like and what are their numbers (i.e. % down, interest rate, etc.)?

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