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With a 80% LTV conventional loan for a non-owner occupied SFR, is there a limit to how much the lender can contribute to closing and bump the interest rate up?
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Good credit, 2 mortgages, looking to buy a 55K property with excellent cash flow. Is it possible? Any mortgage bankers at bp who are interested, please look me up. I tried a lead from bp but still waiting to hear back...
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house selling 120,000I offered 1150,000 seller pay 5% closing costMy down payment 12000FHA 4.5% fixedConventional 4.72%House value 145,000Which loan should I do my plans are to live here maybe 3 years while upgrading ...
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Do portfolio loans count toward your 10 max conventional loans per borrower? For example, if I currently had 5 portfolio loans am I limited to only 5 more loans if I go conventional now or would I still have 10 conven...
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If I had enough time and am already preapproved with plenty of down payment money would a bank give a conventional loan if I wanted to live in the property a wholesaler is marketing while it's being fixed up before re...
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I have a little dilemma and don’t know the answer or solution per say for this problem a friend of mine is facing. Scenario is that this person has little to no money down , debt to income ratio from what I told was n...
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Hello,I am considering using a conventional loan to purchase a property that I would rehab and then sell. Since the conventional loan wouldn't work for the rehab costs, what kind of loan would work best to cover the r...
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Hi All,Buying Rental Properties - Turn Key - No potential Equity Good Fico Score - 700+ with 3 late payments from last year. Hard to get conventional loans. Is there any alternative?Please advise.Thank you,
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Okay I went today to the bank just to get an idea what I may borrow. I mentioned to the loan officer that it will be NON owner occupied. I told her my intentions of buying a duplex or SFR and renting out. I was tol...
We financed our first investment property with a conventional. Our initial plan was to lower capital gains tax by holding and renting for a year. Now that we are almost finished renovating the home we are thinking abo...