Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Graham F.
0
Votes |
5
Posts

Large Loan on an Owner-Occupied Property

Graham F.
Posted

I'm looking at a 4-plex that costs ~$900k. I want to move into one of the units and rent out the others. 

I'd also like to only put $100k down, which is about 11%. It would be great to get a conventional loan with low interest rate and high leverage if possible, as I've done with other places I've bought, but my lender says jumbo loans cap out at around $700k or something. 

Is it possible for me to find a conventional loan with these terms? If not, what would my next-best option be?

It's in an area I know well and I'm confident I can make it cash flow. The biggest question is just the debt. 

Thanks in advance!

Graham

Loading replies...