All Forum Posts by: Nick Conley

Sorry @D. Crawford, I was referring to an individual unit. After re-reading your post, if you are buying the whole complex that changes things for a commercial loan. That is not my area of expertise but typically a commercial lender would need to know a lot more about the building and usually capped at 75% LTV.

@D. Crawford

Hello

You would be able to purchase as a second home with 10% down or as an investment with 15% down if you can qualify with a conventional loan. Otherwise, a DSCR loan will allow 15% down and have slightly worse rates. With under 20% down on a conventional, you would have PMI until you at minimum reach that 20% equity threshold.

Hi Neno,

Will you be occupying after closing and not selling? A Home Improvement or Renovation loan is likely the best bet.

@Account Closed

How long have you owned the property? I am in TX and would be happy to help find you the best loan. 

Eddy,

I have a network of investors and Spain is a country they will help Foreigners to purchase. I will send you more details.

 Hi Jack,

You will find a lot of lenders who will want to help you, but it would help them and you save some time if you can narrow a few things down.

What state is the property in? What is the purchase price?

Are you qualifying on your full income or looking for a loan type with easier qualification standards such as a DSCR loan?

They will also need your FICO when looking at rates just as a heads up.

David,

This is allowed on a conventional loan as long as you meet theirs terms. Typically 5% minimum down payment, and seller financing terms that are not too crazy. Happy to get you more details.

Hello Harris,

One of the lending categories in finding a letter is "Foreign National" which is lending for people who are outside of the US. Many lenders would be happy to help you, I would just search for that term!

 Hi Tim,

You have a lot of great lenders here who would be happy to help you figure out a way to buy a home even with the job change. That is not a deal killer necessarily, we would just need some more information. For a standard conventional loan you could have issues but the Non QM market that Bigger Pockets is so familiar with may have opportunities for you. 

Cyrus,

There are some people doing up to 80%, it really depends on the scenario. Could you share more information with me? Feel free to message me, I am in Dallas as well.