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Updated over 8 years ago on . Most recent reply
Low Down SFR Investment property loan
I am curious if anyone knows of a lender who will take a low down payment < or = to10% on SFR investment properties in the SLC or Utah Market. I would like to avoid hard money lenders but not opposed to the idea.
Most Popular Reply
Mountain America Credit Union has a 10% down investment loan. You have to have pretty good credit (750+ I think) and I believe they'll only do up to three per individual. The interest rate is slightly higher but not bad at all (I got pre-qualified earlier this year and the rate was 4.75% I believe for a 30 year fixed loan).