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Updated over 10 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Evan Griffiths
  • Investor
  • Charlotte , North Carolina
3
Votes |
12
Posts

down payment? How much and where to look?

Evan Griffiths
  • Investor
  • Charlotte , North Carolina
Posted

I'm looking to purchase my first rental property. I keep hearing about 3% down mortgages from lenders like freddiemac and such. But I wanted to know how much should I be prepared for to get a mortgage on a property? 5%? 10%? 20%? 25%?

i'm looking for the right place to start looking for lending vendors

Property will be held in an LLC and i'd like to go with at least down as possible, plus CC

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