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3 February 2022 | 6 replies
These loans are comparable to Full doc loans (loans issued by banks and other conventional financing institutions) in terms of rates and the process and paperwork is much less.
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1 February 2022 | 0 replies
We currently have conventional loans on both (put 5% down), but it sounds like we will likely have to explore other routes for our next one.
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2 February 2022 | 4 replies
I would also look into the requirements of a DSCR loan as they are much less stringent than conventional loans.
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1 February 2022 | 4 replies
After talking to a couple of lenders, I'm not able to qualify for conventional because they require 20% down on 3-4 unit properties.
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1 February 2022 | 3 replies
Furthermore, the loan officer I spoke with would like to have me approved for a conventional loan with 3% down to purchase the home rather than FHA.
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1 February 2022 | 2 replies
Conventional financing will give you the best terms more often than not, but in this instance it doesn't seem like that is a possibility for you.
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2 February 2022 | 2 replies
And do the same rules apply whether you have a conventional loan or a jumbo loan?
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10 February 2022 | 13 replies
If I buy a single family home with a conventional mortgage and 5% down, I'll have enough left over to eventually buy another property if owner occupy it and use an FHA loan.
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2 February 2022 | 1 reply
Standard 30y conventional.
2 February 2022 | 1 reply
But now that we've closed on the property, we'd like to shop around for a conventional loan, so we can lock in a low(ish) interest rate before the fed increases.