Updated over 9 years ago on . Most recent reply
5 percent down loans
Hey BP, how difficult is it to get a 5% down loan already owning 2 properties.? It would be owner occupied. Getting lost here on how to go about purchasing a 3rd property.. I don't have 80% LTV in my other 2 yet or enough for 25% down.
Ryan
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Conventional 5% down and FHA 3.5% down loans are available to Any owner occupant for a SFR, not just first time owners. The conventional 3% down loan is for first time buyers.