25% down on 4 family and up?

Question

I just opened a contract on a 4plex.  All the lenders I talk to want 25% down.  Anyone know about getting a loan on a property like this?  Can I do it for less than 25% down?

Any help would be great

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My company has the following program available:

Non-owner occupied
1-4 unit
100% LTV
3% sellers assist

Please contact me for further info!

Ryan Holliday
EFI Capital
rholliday@eficapital.com

John Wolff · Answer

Toneyj,

Did you know that because this is considered commercial property there is a way for you to originate your own loan on this property and get paid to do it?

If your interested contact me at mentorpro@gmail.com send me your phone number and let me know a good time and I'll call you.

cheers,

N/A N/A · Answer

There are 100% investor loans available for one to four unit purchases you can do full doc, stated, stated-stated.  The lenders will allow 2 to 3% of the purchase price to go towards buyers closing costs al well.

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If it is a true 4 plex I can do it with 10% down with a 680+ credit score.Email me or call me if you need more info.

valt71101@sbcglobal.net

N/A N/A · Answer

I am a loan originator for Global Equity Lending. I work with 248 lenders and can work with credit scores of 500 or better. I can do 20% or less. For more info contact me at TarshikaAdams@wlgdirect.com or call me at 214-392-4584