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How can i see down payments on loan quotes

We are trying to get a mixed-use property mortgage/loan and we are having issues with finding a low down payment option. by Andrew Lenhoff from providence, Rhode Island. Feb 10th 2015 Reply


Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 597 contributions

Most fee sheets sent to you will have a total cash to close number which includes closing cost pre paids and your down payment. If you take your purchase price and subtract out the base loan amount that will give you the true down payment on those sheets.

Feb 10th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#28 ranked lender in New York - 2,236 contributions

What percentage can you put down? How much is the purchase price?Where is the property located? Are you going to occupy the property? What is the current net operating income? What percentage of property is residential? commercial?What is your overall credit look like?

Feb 10th 2015
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Typical mixed use programs require 25% to 30% down.

Feb 10th 2015
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,250 contributions

I have a 100% funding for apt buildings.. yourloanpartnerforlife@live.com linda

Feb 10th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,924 contributions

It really depends on many factors.. how much of the space is used for residential, and how much is business.. what type of business.. any environmental issues.. (mechanic shop, dry cleaners, chemical factory,etc..) Much more info would be needed to properly answer your question.. and each lender offering financing will have their own overlays' concerning these "mixed use" properties.. that's why on one can just say exactly how much you will need.. You pretty much need to call a local mortgage broker and let him look at the complete loan scenario.. only then will you know.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 10th 2015
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