All Forum Posts by: Harjeet Bhatti

@Jorge Leon You can use Home Possible loan with 5% down payment because its 4 units. Rent comps will be used for rental income. 

@Bob Paxson There is divorce involve in transaction. You should involve attorney. Attorney will need divorce settlement to understand who has ownership of the property. 

 As long as you are following the guidelines you should be fine.  

@Tommie Rowell Most of DPA programs has restrictions. It all depend if those restrictions will be obstacles for your investor journey. There are some DPA programs offer by individual banks. Explore all the options and look at their guidelines before you  take a loan. 

@Tracy Ross  You can check CalHFA website for down payment assistance program. FHLBC can be used in all 50 States. 

@Charles Johnson HELOC would be good option if you don't want to touch 1st lien mortgage.

@Irakli Khakhviashvili You can start working with your own bank. You can meet personally with MLO in your bank or can apply online on their website. 

@La'Terrius Campbell Down payment assistance is available for primary home. There are so many programs available depend on state you are buying home. Mostly programs has their own restrictions. FHLBC is program which can be used in all states. 

@Sophia Oberlander @Dwayne Ghant We can offer HELOAN on investment property in all States except AK, HI, ID, MA, MO, ND, NY, SD, WV, WY. $25000 minimum loan requirement. 

@Colby Zeller FHA has standard table to calculate MIP on Loan to value and type of amortization. The FHA MIP chart is available online.

FHA Loans Greater Than 15 Years

FHA Loans Less Than or Equal to 15 Years