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Can u put just 10 percent down on an investment property?

by gerald.pham832 from Dubuque, Iowa. May 5th 2014 Reply


Colby Neal (FHAHomeLoanGuarantee)
#57 ranked lender in Arizona - 34 contributions

Investment property financing will require a 25% down payment.www.imortgagelending.com

May 5th 2014
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Kevin Stillman (kbstillman)
#17 ranked lender in Iowa - 69 contributions

You will usually need at least 25% down depending upon credit score and type of property. Some lenders may allow the seller to "carry-back" a second mortgage for the remaining 15%.

May 6th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,747 contributions

Yes... But most lenders require at least 20%. Our 10% down investment loan requires excellent credit (over 720). This is just one loan, not two... Unfortunately, we do not lend in IA. www.Minneapolis-Mortgage.net

May 6th 2014
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