Updated over 5 years ago on . Most recent reply
Funding in high markets
I have house hacked for two years in the Seattle market. I am looking to now expand and house hack a new home. What is the best way to go about lending? I have heard it mentioned several times on the podcast you can purchase with 10% or less down for a house hack. What specific type of financing would that be? I am happy to move into the new home and repeat the house hack process. The house prices in my market are 600K - 800K + for a single-family home and reaching 20% down is very slow.
Most Popular Reply
You can put 5% down and still get a good interest rate. The cities of Seattle and Tacoma also allow ADU but without the owner living in the house, so these two cities are great for house hack if you are interested in that. Feel free to message me for more information.