Lenders @ 20% Down on OOS investment?

[Tony Scarangella]

Hi all,

I’ve spoken to multiple lenders in the greater Atlanta area who require 25% down for an out-of-state investment property. Seems pretty standard for the area, but does anyone work with any banks/credit unions around ATL that will allow 20% down on a conventional loan?

Thanks in advance!

Tony

[Brenden Mitchum]

@Kevin Summerville Please do not hi-jack someone else's thread for your own question. Post this as a separate discussion. Shoot me a message if you're unsure how to do this. Or, simply direct message the person to whom you are trying to ask this. 

@Tony Scarangella Yeah most lenders are really trying to avoid anything north of 75LTV right now (for investor loans). Fannie/Freddie put restrictions on the number of 80LTV investor loans they'll give out. I have seen some lenders that will go up to 80LTV but it's going to cost you in points (expect 1.5 or more). This goes for whether you're in state or out. You might have better luck with a local credit union, but then again maybe not since you're OOS.