I have a lender that will go 80%ltv up to $1.5 million loan amounts. These loans are 3, 5 and 7 year arm products. Very good rates on their loans.
If you are interested in his contact information call me at 623-337-8965 Ext.1 and I will give it to you.
While I'd love to tell you otherwise, as you've seen so far there are not really any "low" down payment options available in your price range. You will be hard pressed to find anything at 80% LTV, you'll more likely end up at 70 - 75% LTV. Doing a 1st and 2nd mortgage might be helpful, but the rates you'll end up with will not be attractive. There are very, very good rates for these loans, but you'll just have to put more money down these days. I would be happy to discuss your situation in more detail and get you the best options available that are out there. Going to a retail bank will probably not be your best bet as they will have limited options and can't combine loans from different lenders if they need to. Wells Fargo will only go to 70% and I don't think B of A will do any better. Give me a call to discuss your situation further.
President, Antigua Capital Funding
Phone: (480) 515-1491x1
I have some great mortgage reps I could send you too!
That is a tough one in this market however I can send you to a great lender.
Feel free to contact me directly!
Windermere Central LLC
80% would be the absolute best and not at the greatest rates, but there are other ways around directly financing this property with just one mortgage.
Your situation might be perfect for alternative financing. The only way I can tell is if you give me a call at 877-282-5789.
The highest I can find is 75% but you may find a higher lTV or a combo loan if you go to a retail bank, like Wells Fargo or B of A.
Apply Online: flagstarloans.com/lallison