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Updated 7 months ago on . Most recent reply
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Any Lenders offering 15%
I have a deal I am looking to close on. Any lenders offering 15% down payment?
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- Lender
- Fort Worth, TX
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@Christopher Trastoy thanks for the post here. As you can see, lots of lenders offer 15% down. Now, once you speak with them you might learn that you cannot do it...but they offer it. Usually, when we are searching for lenders, title companies, plumbers, etc. it's best to ask other investors in your market who they use. And I know, you were posting here to find out what other investors are doing...but you can see that just lenders are posting. And how do we know if they are any good? How do you know if I am? Hard to say until you go through the process...but other real estate investors in your market HAVE worked with other lenders. And while nothing is foolproof, that's usually the best way to start.
So, try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Bigger Pockets even has a little link at the top of this page "Find a lender" - try that. Even facebook might have some good local groups for you. Some of those facebook groups have thousands of members. Eventbrite too. And remember, this goes for ANY vendor that you need. Post locally for this. That’s the best bet.