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Updated about 3 years ago on . Most recent reply

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4
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1
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Simon Njuguna
  • Rental Property Investor
  • Seattle, WA
1
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4
Posts

Find a Loan for this duplex

Simon Njuguna
  • Rental Property Investor
  • Seattle, WA
Posted

I have been interested in purchasing a certain duplex in my area and even made an offer on it. My lender had mentioned that I might be able to get a 5% down conventional loan. Upon underwriting it turned out that I make a little more than the threshold of qualifying for that kind of financing. I'm now required to put 15% down which is beyond my current budget. I definitely qualify for FHA loan but the seller is only doing cash or conventional. Do I still have a shot on this property in matters financing? I'll appreciate if anyone knows of a possible route to take

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