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Updated almost 4 years ago,
Low downpayment for investment properties?
Hi all,
I am looking for investment properties in Greater Boston area. Before the pandemic hit, I was able to find lenders that would offer 20% down for investment properties. Today, I can only find 25% down options. That reduces my purchasing power to the extent that I am almost priced out of neighborhoods I want.
Are 20% down loans for investment properties nonexistent now? Does anyone still offer those? What about interest only loans?
Thanks.