All Forum Posts by: Harjeet Bhatti

@Kayla Crowley The guidelines are same for condo too. Mostly banks can do loan with 10% down payment unless there is any internal overlays. Start with your bank. 

@Kayla Crowley If you are buying SFR, condo or townhome you need 15% down payment for investment property. Vacation property can be purchase with 10% down payment.

@Caleb Drake Start with your own bank which will help you to reach out to right contact. Mostly banks do not have restrictions on lower loan amount. 

@Karen Sanderson As long you meet debt to income ratio and credit score requirement you can buy 10 finance  properties under Fannie Mae. 

@Laurent P. You can go in this link for instructions so you have all the information. This link has information about rent credit for option to purchase.

@Nneka I. You can use FHA and Home Possible both programs for 2-4 units.

@Rommel DeGuzman  @Caleb Drake Most of the large banks will be able to help you out if the property is in livable condition.

@Emily Howlett All 4 can go on application but your MLO will be able to give you advise which way she can structure the file for best outcome.

@ Amanda Maher My commercial loan partner will be able to help if you are buying in IL. 

@Paul Lee You have two options to buy this property as primary residence- Home possible with 5% down payment or 3.50% down payment with FHA loan. You need 25% down payment if its investment property.