819 score and can't get a good mortgage loan
Can someone explain mortgage financing requirements in this case
1. I am trying to buy 6618-6620 West 30th (called 2 on a lot but I thing they are separate lots)
2. I wanted to put 10% or, if I had to, 20% down and consider it a 2nd home
3. Colonial Financial told me I'd have to put 25% down because
I have a primary residence and a rental property
Owner accepted offer of $95K on $99.9 listing
My score is 819 out of 830
I owe no one accept my Costco that I pay off every month
Why can't I get a loan.
Most Popular Reply
Try different lenders. Why not just buy it as an investment property and have the seller carry back a 10 to 15% second loan? This way you are only putting 10 to 15% down.
- Joel Owens
- Podcast Guest on Show #47
NNN Invest
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