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Updated over 6 years ago on . Most recent reply

User Stats

22
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6
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Frank Jones
  • Real Estate Investor
  • Cullman, AL
6
Votes |
22
Posts

Does a 80 or 90% 30 yr fixed investment property mortgage exist?

Frank Jones
  • Real Estate Investor
  • Cullman, AL
Posted

Can you get a 10 or 20 percent down, 30 year fixed interest mortgage on an investment property anywhere? I've found adjustable rates, 25% and 30% down, 15 year, etc., etc. some at 5.25 to 5.5% which is fine but the best of all worlds for me would be 10% or 20% down, 30 year fixed, no PMI, interest at 6 to 6.5 percent with reasonable closing cost and no points. Can this be found? I have excellent credit (750+) and lots of assets but I can't seem to find what I consider to be a "good" deal on a mortgage.

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2,377
Posts
747
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
747
Votes |
2,377
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

@Frank Jones You can purchase 1 unit with 15% down payment with MI or 20% down payment  without MI. 

  • Harjeet Bhatti
  • Loading replies...