$10,000 Mortgage, 20%Down, Navy Federal does it!!!

[Shaniqua Dupree]

Hello BP,

I am so glad that I can come and bring you this wonderful news. As i have been doing research on funding my flips I happen to call Navy Federal about refinancing my home and asked what the minimum mortgage they will give. They said 10k with 20% down. I was blown away. Why, because there are many homes in my area that are in the price range. I want to purchase a few and rent them out. I kept asking questions and was told that they will give a Mortgage on up to 4 properties. Then was told that they will give 65% of the ARV on these homes if getting a heloc or hel. Plus was told that on primary residences they will give up to 100% of your ARV for cash out/HELO/HEL... It felt like Christmas all over again. And these rates are not just for the military but also the family members of those in the military.

This information personally is just what i needed to hear. I have been searching for better ways to finance my projects and this is just right for me. Many people can get 2500 bucks without hurting the bank. 

Please let me know if this helps anyone. Also, this info may chamge based on your area but i am in baltimore md and got these quotes. If you have anymore questions let me know.

Thanks,

Shaniqua Dupree