George P.
Is there a minimum for conventional loan (investment property)?
is there a minimum loan the banks will do?
say there is a rental property for sale at 30k. if possible, i'd like to go with 25% down and finance 22.5k .
is it something the banks will consider?
Vamshi Ananth
3.5% Down FHA vs 5% Down on conventional loan?
Hello BPers,I am currently considering a deal which I paln to finance it though a bank. The property is built in the early 1990's and is in a failry good shape , no structural damage but needs some cosmetic reparirs a...
Grace Law
Low Down Payment, No PMI Conventional Programs in NJ
Anyone in the NJ market that knows of any banks or lending institutions that offer Low Down Payment, No PMI Conventional Programs in NJ?
Bob Asad
How Can You Assume a Mortgage for Conventional Loan?
Is there a way to assume a mortgage with an interest of less than 4% from a seller with a conventional loan?Anyone able to have success with this?The issues with assumable mortgages is that they are for FHA, VA, and U...
Gary Thao
FHA Fourplex Opportunity anaysis: FHA 3.5% vs Conventional 25%
I have the opportunity to purchase a fourplex using an FHA loan. A decent fourplex is ~$345k here in Portland, Oregon. Yes, it’s high and that’s just the way the market is. Typical rents are in the $725.00+ for a 2be...
Tim P.
Conventional financing for investment property in need of repairs
Hi, I am trying to get conventional bank financing for a 2-family investment property (NOT primary residence). I met with a local bank and am pre-approved. However I am finding that the good deals (foreclosures, ...
Daniel Dietz
Seller Financing Portfolio - How will it affect Future Convention
Hello All,We are working on a deal of 9 properties with 16 units that the seller is considering doing Seller Financing on. I AM familiar with Seller Financing (I have done 2 so far) but am NOT familiar with Portfolio ...
Tim Porsche
House Flipping - Financing with Conventional Loan and P2P Lending
Hi All,Here is my latest plan to raise the funds needed to start flipping houses in 2016. Please let me know if you think it will work or not. I will be buying houses that need work obviously, but not ones that need s...
Jeffery McBride
Conventional Mortgage versus Bridge Loan on first rental property
I'm looking to purchase my first rental property through Memphis Invest and I've been working with their mortgage lender to get pre-approved. I found out that I can't qualify for a conventional mortgage due to a fore...
Henry Lazerow
How is DTI calculated for noo investment properties conventional?
Curious exactly how does DTI come into play when buying a non owner occupied investment property with conventional mortgages. From my understanding if 75% of rents cashflow over PITI it actually improves you DTI for a...