Duplex Financing for Less Than 25% Down
Looking for some creating funding options to finance a couple duplexes in Texas at more than 75% LTV. Also If anyone has any portfolio lender suggestions feel free to drop them below.
Thanks!
@Eric Santano Broadway Bank and Prosperity Bank may be able to help
The best you will likely get is 20% down. I have some sources for you if that is something you can work with.
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
Use FHA or DSCR loans. Happy to connect you with my people
You mentioned wanting to finance more than one, so I’m assuming you aren’t looking at “house hacking” and living in one of the units?
If not, DSCR may be an option. Conventional will require 25% for a multifamily as you've seen. There are lenders that will do 80-85% LTV but it may depend on the debt ratio of the specific property, your credit and level of experience. Feel free to reach out if you'd like more info or have questions.
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Broker Ohio (#NMLS 2339224)
- Barrett Financial Group, L.L.C.
- 330-354-6590
- [email protected]
Eric, we do a lot of loans for value add investments (rehab & rent / fix & flip) at more than 75% LTV... let me know if it's of interest to you to chat more, good luck!
@Eric Santano Academy Mortgage can go 10% down and no MI on 1-4 unit investment properties since we portfolio the loan on our own books.
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