All Forum Posts by: Jacob Camilliere

@Chris Mason I actually just talked to a different lender that my agent recommended and he gave me an estimate of no more than $6500 for closing costs so that is a substantial improvement. Definitely not even going to bother with the builders lender 

thanks everyone! definitely going to shop around for additional estimates. if anyone knows any mortgage brokers in south florida, specifically tampa area, feel free to send me a Direct Message with the contact info.

its a new construction townhome with a conventional loan 20% down with the builders lender. they offered $5,000 in concessions if i finance through them but im thinking i might be better off financing elsewhere. just wanted to get some perspective

are these average for $182,000 home in South florida?

So i am in the process of buying my first investment property and was quite shocked at how high the closing costs are when i got the official numbers. is there any negotiating with the lenders on any aspects of the closing costs?? the price of the home is $182,000. please find the details of the closing costs below

you were my landlord on Texas St like two years ago! I am actually buying a property in Columbia to rent out to students while im working in charlotte. Do you manage any properties that you dont own? @Will Gaston

where did you find a conventional lender that would lend 85% ltv on an out of state investment property?

@Matthew Meikle thanks for the info! unfortunately FHA owner occupied/house hacking is not an option for me because I will be investing out of state. But i will definitely start calling smaller banks/credit unions in the area i am planning on investing in.

@Eric Veronica thanks ill check it out

Do any conventional mortgage lenders offer mortgages for investment properties for less than 20% down payments? somewhere in the range of 10% to 15%?

I tried a few of the big players and they said they dont offer it. What about smaller credit unions and banks?