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3 January 2025 | 12 replies
You can do a duplex though, which might not be a bad idea.With your credit score, conventional might be a good choice, you only need 5% down for 2-4 units if you live in one.
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2 January 2025 | 11 replies
and maybe even some encouragement.The Beginning: A Flooded Start and Big AdjustmentsI started the year by purchasing the property with 5% down, thanks to new Fannie Mae guidance on conventional loans around December 2023.
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27 December 2024 | 15 replies
Working with a mortgage broker who specializes in investor programs can be helpful for better terms as conventional loan product lenders generally don't have the best DSCR terms.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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23 December 2024 | 15 replies
@Matt WanIf you are seeking conventional or agency financing, the answer is No.
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21 December 2024 | 14 replies
I recently bought my first investment property with a conventional loan, but the lack of W2s and living overseas made it a bigger hassle.
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28 December 2024 | 8 replies
You may also put 5% down on a conventional loan with no self-sufficiency requirement.
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21 December 2024 | 1 reply
Conventional financing How did you add value to the deal?
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21 December 2024 | 1 reply
Conventional How did you add value to the deal?
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21 December 2024 | 10 replies
They are inherently more expensive than conventional financing and each DSCR LENDER has their own guidelines.