All Forum Posts by: Peter Parisey

@Axel Ragnars Would you mind sharing who your lender ended up being? My father and I are running into similar issues with financing.

Rock on man! Sounds like you found a good one here in NH.

Seeing as how I already have a SFH with a conventional mortgage, what requirements will I have to meet to qualify for this duplex on my own?

Thanks guys. My father is a member of 2 credit unions. He's looking into what they can do. Also a family member and the realtor of the seller both recommended a lender for us to call. Turns out they both recommended the same woman! She must be good. Hopefully my dad can reach her today as well.

Thanks Upen, I will keep that in mind if I hear that from any lender. Are there any types of mortgages that will allow me to owner occupy, dad co-sign and allow for around 5%-10% down?

Sarah - the lender who told us this was Merrimack Mortgage Company. They are who we went through for my original loan and who my father and I did separate refi's through only a few months ago.

They originally thought we could do FHA @ 3.5 down but discovered they they were wrong during a pre-approval for us on this duplex.

Elizabeth - we completely agree. We too believe if there's a will there's a way. Dad is currently pursuing other lenders and I'm combing biggerpockets. I love this place!

Sorry I forgot to mention credit scores. Mine is 680ish and dad is 760ish.

I make $40k a year, 16k in student debt (which is $210/mo.) no car payments, no credit card debt, and my PITI is $1500/mo. I have a roomate who lives with me for $850/mo. Dad/co-signer makes $220k a year.

They said we would have to put 25% down FHA and 30% down conventional even though I intend to owner occupy because I would have a co-signer on a duplex and this isn't my first mortgage.