Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jeff Chisum

Jeff Chisum has started 7 posts and replied 203 times.

Post: 2nd home/vacation mortgages available at 10%?

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125

Sorry I didn’t see this sooner.  I have a unicorn 10% down product that is not Fannie and Freddie so does not have the loan level pricing adjusters that others have mentioned.

Post: Second Home Loans 10 percent downs- Credit Unions

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125
Quote from @Matt Schreiber:

I ended up finding a pretty good credit union that covers New York, Pennslyvania and New Jersey. It’s called Municipal Credit Union. They had 6.1 percent for 10 percent down second home loans yesterday. 

Fixed rate?

Post: Getting a loan

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125

All In One loan may be a good solution

Post: Is my first DSCR loan experience normal?

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125

When a loan is brokered out, it often leads to uncertainty because the originator may not have all the details upfront, especially if the lender's preferences change or they're not familiar with recent updates. A good first question to ask your loan officer is, "Are you brokering my deal?" Personally, I believe it's better to work with a lender who is fully delegated by the investor. For instance, the DSCR loans we originate are not brokered out. We are fully delegated and have worked with the same investor for three years, which provides more stability and confidence in quoting terms, fees, and expectations from the start.

Post: Second Home Loans 10 percent downs- Credit Unions

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125
Quote from @Ray Williams:

An interesting observation I am seeing rn is investment property rates rivaling second home rates. I have had a few clients lately finance as investment properties and end up with better terms. Ask your lender about this.

Guessing not with 10% down though

Post: When do you think we will see the .5% rate drop hit loans?

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125

We have seen about a 1% drop in DSCR rates over the past week!

Post: Share your Ideal Loan to avhieve your eeal estate investment goals!

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125

10% down second home occupancy loan

Post: Homeowners Insurance for Short Term Vacation Rental

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125
Quote from @John Underwood:

You must have a commercial STR insurance policy and NOT a homeowners policy for a STR.


You can have a home owners policy with a STR rider

Post: Homeowners Insurance for Short Term Vacation Rental

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125

I will send you a DM

Post: commercial loan without a personal guarantee

Jeff Chisum
Posted
  • Lender
  • All 50 States
  • Posts 221
  • Votes 125
Quote from @Macy Thompson:

Yeah thats what I'm learning. I would like to find a loan with no personal guaranty for asset protection.


 Is that based on the counsel of an estate attorney?