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Arkansas Real Estate Q&A Discussion Forum
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Updated about 4 years ago on . Most recent reply

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7
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5
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Gabe Christiansen
  • Investor
  • Rogers, AR
5
Votes |
7
Posts

Low Down Conventional Mortgage Lenders?

Gabe Christiansen
  • Investor
  • Rogers, AR
Posted

Howdy y'all,


My wife and I are new to the area and we have a goal to buy our first investment property (multi-family) within the next few months. We are starting to look for lenders, and I'm wondering if anyone has any recommendations? I'm particularly interested in finding a lender that can do a low down (around 3%) conventional loan. I know I could do an FHA loan, but I'd like to do conventional if I can find the low down payment option. And yes, I do plan on house hacking and living in the property.

Do any of you have experience finding and using these types of loans? 

Most Popular Reply

User Stats

304
Posts
185
Votes
Andrew Powers
  • Investor
  • Cincinnati, OH
185
Votes |
304
Posts
Andrew Powers
  • Investor
  • Cincinnati, OH
Replied

Hello, there is a first time home buyer loan that I used, 3% down conventional but for single family only. Have you considered doing single family with a mother in law suite or accessory dwelling unit? Some ideas to look into. Good luck finding your property!

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