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Updated 8 months ago on . Most recent reply

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Erwin McClain
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Funding options for house hacking (looking for 10% or less for down payment

Erwin McClain
Posted

Just curious, has anyone used "Globus Lending" for deals recently ? Looking for lending for house hacking

  • Erwin McClain
  • Most Popular Reply

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    Stephanie Medellin
    #2 Private Lending & Conventional Mortgage Advice Contributor
    • Mortgage Broker
    • California
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    Stephanie Medellin
    #2 Private Lending & Conventional Mortgage Advice Contributor
    • Mortgage Broker
    • California
    Replied

    What specifically are you looking for in a "house hacking" loan? Most lenders have loan options available under 10% down for purchasing a primary residence - these are standard conventional and FHA programs. You can live in one room and rent out the other bedrooms to roommates in your house, but in most cases you won't be able to use that "boarder income" to qualify. That just means you need to qualify with your own personal income.

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    Stephanie Medellin, Loan Factory

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