Travis Reed
Is interest rate on a conventional loan at 7.6%?
I do not know much about lenders and brokers and how much rates vary between them. I called my local lender brokerage here in town and I asked what the going interest rate was for a conventional loan for a duplex (not...
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...
Alyssa Davis
Are their benefits with an FHA vs Conventional Loan ?
I'm looking to buy my first property as a buy and hold, with the intention of fixing it up (minor repairs needed) and either house hacking or renting out the entire place. I have a great credit score and have been pre...
Yamin Htet
downpayment for multifamily
Looking for a 3-4 unit multi-family in greater boston area. How much % of downpayment do I need, 5% or 15-20% for a conventional, owner-occupied loan? I already had a FHA loan so looking to find another low downpaymen...
Wesley Weber
Financing for rentals
I’m looking to buy some rentals.I’ve flipped a number of homes using hard money but want something long term. What are the best options? I’d prefer non conventional lenders and/or high LTV options
Account Closed
FHA Loan Or Conventional Bank Loan?
Would it be best for my first deal to be though a FHA Loan Or with a Conventional Bank Loan? I know with a FHA Loan I would have to live in the property for a certain amount of time, plus the Down payment is lower 3.5...
Brody Veilleux
Conflict between Lenders
If I get a conventional mortgage on a BRRRR, and get a HML renovation loan. Am I going to run into issues with the property having 2 liens on it? Does this mean the only way to use a HML is for it to cover purchase pr...
Merin Porter
Need Advice: VA vs Conventional Loan
Hello everyone, I have a somewhat unique situation and could really use some advice from seasoned investors. My husband and I are looking at purchasing our first investment property. We currently live in Texas, and th...
Calvin Kwan
Loan question - Residential vs. Commercial
Hi, I am targeting 4plexes in the SF Bay area for purchase in the coming months. Up to 4 units I understand I can use a conventional primary resident loan, but above 4 units it requires a commercial loan.If I were to...
Sam Bannister
Should I Get A Conventional Loan?
This question may have been answered elsewhere but I’m not seeing it. What would be the issue with getting a conventional loan, rehabbing, renting, and refinancing? Is it simply that most off market deals require cash...