investment property down payments?
I live out of state and am looking to buy a duplex in yakima/selah and am curious if i will be able to find a loan with 10% down for this? I have a credit score of 800.
Due to Mortgage Insurance stipulations, loans on investment properties are now requiring 20% down across the board. There may be other creative options available depending on the property you are purchasing.
Cory Bemis
http://www.corybemis.com
With that credit score you may... your best bet is to meet with a local and trusted mortgage broker that can assist you, if you go with a national company that has offices in your area and also in the area you are looking to buy, you may be better off. they can tell you what programs they can find for you.
Many lenders have "cracked down regarding investment properties" contact mortgage broker determine your options. Your credit scores may have positive results for you obtain a loan.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
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