Less Down payment for investment rental properties

Less Down payment for investment rental properties

Investor · Atlanta · Member since 2019 · 522 posts · 89 votes

Hi,

Are there creative ways to purchase investment rental properties for less Down payment ?

Does new home builders offer downpaymnt of like 10% rather than 20%-30% ?

I am looking low down payment options to purchase new or old home for rental property.

Please advise

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  • Jason WrayPro Member
    Banker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
    11mo

    There is an Investment Property Purchase program that only requires 10% down if it is a Single Family, Townhome, or Condominium. Factors will apply such as showing income, Credit score qualifications, PITI reserves, and some other simple items.

    You also have programs for either Vacation Home or Second Homes that only require 5% down and the home can still be rented. Again like all program and mortgages they require certain factors to get qualified. If yoy ever have any specific questions feel free to reach out because it is hard to just do an internet search for the best Bank/Lender.

    Feel free to check out my profile and send me an email or reach out I am always happy to help other BP members to save money and time!

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