Are you looking for fixed mortgage if so I have been to by several lenders that you are able to have 10 of these at any given time I would suggest using these on higher priced investment property that might have a longer pay back period. In my area I have found that small local lender tend to have some of the better products. With 20% to 25% down some lenders will do loans without an appraisals. Most lenders in my area will do 3,5,7,10 balloons and will amortize them for up to 25 years. I would say just spend a day calling some local lenders and seeing what they offer.
Have you considered investing in an individual that is a builder looking to go back out in his own......who builds a beautiful finished product......he has everything needed......other than the credit needed to start......depending on price point......you are looking at a. 50-50 split........35k Each home after split....and with the market as well as it is in Dallas.....it would be an investment well spent!!! Questions? 4696674109