All Forum Posts by: Joseph Chiofalo

Hi Thomas, 

What location would you be buying in when you use your VA eligibility?

Hi Ryan, 

Are you looking to purchase this as a primary home? 

Ok - understood.  

You can go to 80% on a commercial transaction assuming credit is strong and reserve requirements are met.   There are products available on 30 year fixed terms. 

Hi Mike

Are your properties held in your personal name of an LLC?

Many lenders offer DSCR products on 30 year fixed terms.

Do you have a property in mind that you would like to purchase ? 

Hi Adolfo, 

Welcome to the community- 

There are a lot of good resources and professionals here on bigger pockets to learn and grow. 

Do you plan on purchasing the primary residence first or rental property? 

There are programs available that will allow you to go up to 85% financing on an investment property transaction. 

Hi Kathy, 

Do you have any properties in mind? 

Would you be purchasing this as a primary or investment property? 

There are many creative flexible programs available to help buyers secure financing. 

Hi Nicholas, 

There are programs that will allow for up to 80% cltv for a heloc / second mortgage on a 1-4 unit investment property. 

Some lenders may have a minimum loan amount requirement. 

How much would you be looking to borrow from each property ? 

Hi Danielle 

How long has the property vacant for? 

You may be able to go up to 80-85% financing if the rent schedule can support the loan.  

What is the sales price for the property ? 

Hi Kimberly, 

Welcome to the community- 

There are a lot of good professionals and resources here on bigger pockets to learn and grow.  

Best of luck getting started.  

Hi Sean, 

There are programs available for first time investors. 

Experience is one factor that some investors may require as a condition, but overall, you can get a DSCR loan with healthy credit and reserves.

Do you have any properties in mind?