Steven N.
Down payment for conventional loans based on price or value?
Im looking to buy a SFH for 140k. Zillow estimate is 183k. Roof and a/c 2 years old. interior updated 10 years ago when owner bought. If I do a conventional loan is the down payment required based on the purchase pric...
Plaku Mere
Second Conventional loans on a primary residence within a year
I have been buying and financing three 4 unit properties every 2 years taking out a primary residence conventional loan while living on one of the units. As I’ve been upgrading my living in bigger units each time. I j...
Billy Bob
5% down conventional owner occupied for CA on 2 unit?
I've been calling around talking to lenders about a new purchase mortgage. It would be an owner occupied 2 separate units (two houses on one lot). $106,000 purchase price, 5% down. Lender needs to include up to 75%...
Account Closed
Buying with "hard money" and then refinance to conventional, Equity %?
Question for those that have bought with hard money and refi'd, I have looked around on here but not found an answer to this question. If I buy with hard money to rehab a duplex I am looking at, when I go to a bank t...
Sunil Sehra
Can I close two properties within 30 days (Conventional Loans)
Hi,
I am buying a primary residence in CA, which will hopefully close by May 5,2013 via conventional loan. I have another property (investment property) in Maryland under contract, however the settlement date for th...
Kevin Lanphear
Exhaust my conventional mortgage loans first then do hard lending
After I close on my first rental property in late Jan 2021 and fill it with a tenant/lease agreement, I will have about $70k cash left to play with to buy more properties. However, I want to do all my homework and see...
Phillip Scalise
What to do when you can’t get anymore conventional loans?
I have reached a debt to income from conventional loans on my investment properties and can’t qualify for much more. Is using a non recourse loan a common or one of the best routes to take at this time to fund my next...
Jonathan Leblond
Portfolio loan ASAP or conventional as long as you can?
Hi, I've read a lot of old post but I can't make up my mind. So please, in today's economy, let me know what you think.Here is my understanding, on a 30 years mortgage for a buy and hold (with light rehab) investor:
...
Jerry Poon
Can I get back to being qualified for conventional loans?
I started out REI on the wrong foot by getting blanket loans instead of conventional to start with. I don't regret it, but it has hindered me from taking advantage of these historically low interest rates. I have a fe...
Sarah Rothenberg
Do I need 25% for Conventional Mortgage in Rochester, NY?
Hello! I am looking at purchasing a property in Rochester, NY. I have a family friend who is an investor/realtor in the area and is helping me with the process. He told me that the bank that he usually works with typi...