Financing in Orange>Question Details

PacWest Prop…, Real Estate Pro in Orange, CA

90% owner occupied loan for purchase of a duplex in california

Asked by PacWest Properties, Orange, CA Thu Oct 4, 2012

0 votes Share Flag Financing in Orange

Help the community by answering this question:

Answers

8
An owner occupied duplex can be purchased with FHA financing with 3.5% down. Fannie Mae caps out at 85% LTV, Freddie Mac caps out at 80% LTV.

Shane Milne | Lending in all 50 states | NMLS #81195
1 vote Thank Flag Link Thu Oct 4, 2012
Yes it is a bit crazy but really you must go with an FHA or VA loan on this. It is one of those things left over from the mortgage meltdown that does not make any sense really. I am in Costa Mesa if you would like more help on this.
0 votes Thank Flag Link Mon Apr 15, 2013
Read Shanes' answer - that is right - try an FHA.

Soila Thompson
Buyers' Agent
0 votes Thank Flag Link Fri Oct 5, 2012
Probably not these days. Best to look for a local Mortgage Broker under "Find a Pro in the header of this website. http://www.NaplesRealEstateGuys.com
0 votes Thank Flag Link Thu Oct 4, 2012
305k...........................................................
0 votes Thank Flag Link Thu Oct 4, 2012
OK, what's the sale price?
0 votes Thank Flag Link Thu Oct 4, 2012
no Fred... not advertising... looking for program
0 votes Thank Flag Link Thu Oct 4, 2012
I think you are just advertising that you have this. That is a violation of the Trulia TOU. You should remove this statement.
0 votes Thank Flag Link Thu Oct 4, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer