Considering a rate buydown on a DSCR loan?

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

Quote from @Vince Scipione: Standard would be an FHA loan for your situation more than likely.

We approached the existing lender for a loan assumption.

P&I stays the same for the duration of the loan.

I read that one of the requirements for getting your second FHA loan is having a change in family size.

Meeting a 20% down payment to avoid PMI seems manageable, although would take a big chunk of my liquid net worth, and I prefer this route over using an FHA loan.

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

Too bad I was 12 years old and couldnt take out a loan lol not sure how to take this

Credit Unions are pretty great, as in my experience, commercial loan renewals tend to be automatic.