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All Forum Posts by: Kait Hill

Kait Hill has started 1 posts and replied 4 times.

Post: First Time! Need help asap!

Kait HillPosted
  • Little Rock, AR
  • Posts 4
  • Votes 0

So you all are saying that there is a way to get a 3.5% downpayment rate for a 4plex since I will be occupying one of the units?? Because quickenloans didn't think so.. 

Post: First Time! Need help asap!

Kait HillPosted
  • Little Rock, AR
  • Posts 4
  • Votes 0

I tried explaining to the lender that I would be living there but he said that it didn't make a difference. Am I only allowed to get the 3.5% down rate with an FHA loan?

Post: First Time! Need help asap!

Kait HillPosted
  • Little Rock, AR
  • Posts 4
  • Votes 0

Wow, I guess it didn't post...

I am looking at buying a 4plex and living in one of the units. One lender said it had to be 25% down for me to get the property... If I'm living there and the other 3 units are rented out is there a way to get a downpayment of 3.5%? 

Post: First Time! Need help asap!

Kait HillPosted
  • Little Rock, AR
  • Posts 4
  • Votes 0

So it's my first time purchasing a place and I have found a perfect 4-plex for a wonderful price. One lender is saying I need to have 25% down in order to buy it but I am looking to live in the house as well. Is there a way to get around the 25% downpayment? All advice would help tremendously!