Bank financing options

4 Replies

I've used Ally Homes for 2 refinances @ 3.25% and 3.5% APR. I'm in the middle of buying another one, but I'm putting 20% down (it makes me feel a little safer).

Another option if possible, get some private money for the some of that 20%.  Or possibly look into buying a house hack that you live in and rent other rooms or units.  It could be a great way to reduce living expenses to near $0.

Hello Terrance! It is possible to have less than 20% down with a hard money lender. If it is a good deal you can get 100% on the sale price, 100% of the repair cost, and 100% of the closing costs. call me at 469=778-8925 and I will explain more. Thanks for your membership and question. If it is not great you can borrow 90% as long as its ARV value is behind the ARV x 65%. Good luck to you!