You might even be able to do FHA 3.5%, or conventional 5%.

For example, interest-only payments for a 12-month term and then the entire principle balance is due in full.However, in your specific example, I personally haven’t seen too many private lenders excited about funding down payments (since it means a second lien position), or conventional lenders that will allow the down payment to be borrowed for that matter. 

Double digit increase in median price sold YOY throughout pandemicWe have had the most job growth nationally -33% - since 2010 with projected continued growth through this one-off year.Similar trend can be seen in Nashville. 

I buy all my Macs new from apple with the base minimum ram, then head over to OWC Digital for an upgrade.

I bought this property a year ago and was able to get a 30-year conventional loan with 20% down.

However he's looking into doing conventional financing as a secondary option.

It is your calling card online, your digital identity.

Hi BP Gurus / Seniors,I am new to the REI and placed an offer for my first multi-unit property.Here are the details.Area: Near by Shabbona Park, DunningNumber of Units: Legal 3Built: 1950Price: $455,000 ($450k (purchase) + $5k (Minor repairs: Nice to fix but not an immediate need))Loan Type: Conventional (20% down & 2.5% interest rate)Annual Gross Rent: $38,400 (Tenants pays Electricity + Gas)Annual Expenses (Property Tax + Insurance + City utility): $10,000Parking Space: 3 (Garage – 2 & Side Pad – 1)Other details: Exterior Brick, free laundry in basement, all units occupied and it is a turnkey property.Pros: Steps away to CTA Bus Stop; Good Elementary school (PK-8); Walkable to Shabbona Park Recreation, Restaurants and Grocery Stores; 10 mins drive to Schiller Woods; 15 mins drive to Airport & low crime to visit the property any time confidently.Cons: Below average High School & 20 mins CTA Bus to Blue Line.My Situation: I will be in Chicago area until next Summer and relocate to Texas.

My alternative is a Conventional loan, but I really want to stay 10% down-payment and lower. 

Conventional Financing