Low down payment options
Is anyone familiar with requirements for conventional loans with a 5% down? I know lenders can offer different rules and I want to get a general idea of how this works. I have an FHA loan for a duplex where I currently live in and I am now looking to buy a triplex where I plan to move in and rent out at the same time. A lender offered a loan with 10% down but I can only afford 5%. by ryanvm286 from Newport, Oregon. Jan 21st 2022
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
We have programs available that will allow for a 5% down payment on a Tri-plex. Reach out let's see about getting you approved.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300
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