All Forum Posts by: Victoria C.

@Aaron Hall call local banks and ask about speaking to a loan officer about the types of products they offer for investment properties. A loan for an investment can come in many different forms and the down payment is only one aspect of a loan. 

For example, i just got a loan that you may consider "10% down" but it actually was a 89% Loan-to-value. The reason they gave me that high of an LTV was because the product is only a 5 year fixed interest rate period with a 20 year amortization period. But also because It isn't a typical 30 year fixed consumer mortgage loan, I have very very low closing costs.

TL;DR if you want to sound like you know what you're doing, call around and ask about residential investment loan products and listen carefully. Maybe ask if they will send you some product term sheets and read them carefully. Some may only require 20% equity, which is what you are after.