Sarp Ka
Primary 4plex, any lender do 20% on a conventional?
I spoke to few lenders they strictly only allow 25% down for the 4plex and not allowing 20% for 4plex using it as a primary residence. But as per rules, in theory I should be able to get a conventional loan with 20% d...
Twana Rasoul
5% Down Conventional Loans for 2-4 unit Multifamily
Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...
Steven Catudal
Conventional loan & cashflow or FHA & break even?
Hi all,I am under contract for my first property (du-plex with one unit rented out) and had a question on the financing. I have good credit (730+) and solid income.I am currently lined up for a conventional loan with ...
Carolyn McBride
5% Down Requirements for New Conventional Multifamily Investing Option
Hi BP,I've applied for the new 5% down multifamily primary residence loan option for a 3-unit property, but keep getting denied at the Automated Underwriting System (AUS) stage. I have good credit (690), 24 months of ...
Lesley Resnick
Jacksonville Meet up at BP Convention - Sunday Happy Hour
I am going to be attending the BP Convention and would like to have a BP meet up for Jacksonville.I suggest we meet at the lobby Bar on Sunday 10/6 at 4.Swing by and lets grab a drink and talk everthing Jax!Looking to...
Nate Boda
FHA vs Conventional Financing as it pertains to CASHFLOW
Ok so here's the scoop:I am a beginning investor looking for my first buy and hold investment so as to get my feet wet. I am headed in the direction of a multi unit; a four-plex would be great since that is the maximu...
Kimberly H.
Documentation needed for commercial loan versus conventional for rental
***Note-This is not a request for a loan. Do not respond asking me to contact you to provide me a loan-I don't want this post removed***
Right now I am in documentation hell putting all the docs needed for my...
David Drew
5 Ways to Make Working With Conventional Lenders Easier
I'm in the process of funding a conventional loan for my first deal in Binghamton, NY (Broome County). I'm also leveraging equity to do a cash deal simultaneously. Some days I sit back and assume that everybody's do...
Brandon Curson
Conventional Mortgage as 1099 w/ 1.5 Years Work Exp.
Hi All,Waking up one morning to an alarm saying "You Finally Made It!!!", I was ecstatic to finally take that trip to the bank to file for my first loan application. Listening to my favourite music and grabbing a Chi...
David Tecchio
First Rental Property Financing: Cash-out Refi vs. Conventional
I will be purchasing my first rental property and I own my primary home outright with no mortgage. The property costs $210,000 and my home’s value is 465,000. I am not sure what the right way to finance this would be...