Updated over 10 years ago on . Most recent reply
Wells Fargo and the rising percentage
So I have been going through the rigmarole of getting financing from a major bank and I've found a property that I'm interested in, but when I started this I could put down 20% and now I'm being told that it's 30% down for a 4 plex. Every stat they have pulled on me is amazing. Credit history, criminal history, work history, all of it and yet I still feel like there is a barrier to joining the investors. Is there anything else I can do? Try another bank? Go local? Mortgage broker? I don't want to do hard money, but beggars can't be choosers.