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19
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Paul Herman
  • Investor
  • Spring Hill, KS
7
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Looking for creative ways to fund a STR without 20% down-payment.

Paul Herman
  • Investor
  • Spring Hill, KS
Posted

Currently, I am saving to purchase my first STR. I'm hearing from most lenders that they require 20% down if the property is not considered a primary residence. Does anyone have any creative methods to obtain funding without huge loads of cash?

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115
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Quinn Olivarez
  • Real Estate Agent
  • Houston, TX
131
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Quinn Olivarez
  • Real Estate Agent
  • Houston, TX
Replied
Originally posted by @Paul Herman:

Currently, I am saving to purchase my first STR. I'm hearing from most lenders that they require 20% down if the property is not considered a primary residence. Does anyone have any creative methods to obtain funding without huge loads of cash?

Ask lenders if they offer a vacation home mortgage. These typically have a 10% down payment if the property qualifies 

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Quinn Olivarez @ J. Lindsey Properties
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7 Reviews

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