Duplex Purchasing Lenders Needed

[Matthew Aubert]

If this is inappropriate for the forum please delete it.

In the very near future, I'm purchasing two new duplexes around Waco/Killeen. I have a couple of offers from banks and seeing what other banks are offering concerning down payments and interest rates.

I know there are loan officers here. What can someone offer in terms of the above? Any info would be greatly appreciated.

I'd like to do 20% down (yes investment properties) with 3.875-4% rate @30yrs.

Thanks and if anything even a bank name would suffice.

Best regards,

Matt,

[Alex Bekeza]

@Matthew Aubert That rate range at high LTV would only be possible on a full doc conventional loan. You'll want to get on the horn to track down a local broker/lender. Perhaps @Andrew Postell?

Otherwise, if you're looking for a mortgage that would not require any type of personal income requirements (no tax returns/w2s), allow LLC vesting, and base the loan mainly on FICO and subject property DSCR then rates on a 30 year fixed at 80% LTV would likely be in the mid 5% range at PAR if you have strong FICO.

Best of luck in your hunt!