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All Forum Posts by: Chris Stewart

Chris Stewart has started 1 posts and replied 8 times.

Just to confirm, I will NOT be using this as a primary or secondary residence.  Investment only.  Still 15% down ok??

Quote from @Trevor Alexander:

Hi Chris - I'm a Lender with Academy Mortgage and we have an investment loan for 1-4 unit properties requiring 10% down with no PMI. The program follows all your standard agency guidelines as a standard 20-25% conventional investment loan. It's a 30-year fixed loan with a balloon payment in 15 years; so, the idea is to refi or sell within 15 years before the payment is due. It's the best investment program I've personally seen in the industry. We can offer it in WA, OR, AZ, ID, NV, NM, OR, and UT.

Happy to discuss it further if you like. I see you are in WA, and I am licensed there (live in OR). 

At what rate?
Quote from @Jim Pellerin:

Be careful. The more you leverage a properly make sure it still cashflows.

Luckily I’m not depending on big cash flow at this point. Primarily looking to set up my long-term portfolio for appreciation and eventually cash flow, as well as tax benefits. But thanks for the good advice.  
Quote from @Jay Hurst:
Quote from @Chris Stewart:

Are there lenders that will allow me to put less than 25% down on a sfh as an investor?  If so, which?


You can put down 15% on a single family home using a conventional loan. We do it all the time for borrowers.  This allows you save capital for the next deal. 

https://singlefamily.fanniemae...

Which lenders are offering this?

Thanks!  Are there any traditional mortgage lenders on BP who don’t require 20%?

Are there lenders that will allow me to put less than 25% down on a sfh as an investor?  If so, which?