All Forum Posts by: Upen Patel

@Kevin Harrison Thanks for the mention.

@Mia Gomez If you are buying rehab properties, then most likely you will have to get hard money/private money to buy and rehab. Once that is done and you have a tenant in place, you can do a cash-out refi to a conventional loan.

Hey! @Jeffery Griggs Thanks for the mention.

Hey! @Jeffery Griggs. Thank you for the mention.

@Robert Car Welcome to NoVA and BP.

@Julie Marquez FHA is for own occupy. Based on what @Andrew Clifton is stating, they are looking to buy as investment properties.

Andrew, if you are buying as investment, then you have to put 20-25% down.

Hey! @Tanya S. Thanks for the mention.

@Kristina Inglis If you are looking to buy as investment, then your min down is going to be 20% (SFH, TH, Condo) or 25% (2-4 unit). No way around it.

@Syed Lateef Are you looking for an Owner Occupied loan or investment? The only option for that low of the down payment for 4-unit is FHA or VA, which are both Owner Occupied loans.

@Marck Paul If you can prove that you have been a resident of the area for a while and that your employment is local, but you are traveling for work at the request of your employer, then it should not be an issue.

If you are saying I want to buy a house in TX, when your employment location is in NY, then the answer is NO.

@Murali P. as @Brie Schmidt mentioned, when you try to sell you might run into restriction. Depending on the investor per, financial status of the HOA and occupancy, the right mortgage banker might be able to do a low down payment Fannie/Freddie loan.

Since you are looking to buy as 2nd home, you might be able to get a Fannie/Freddie loan.

Hey! @Max T. Been a while. Hope all is well.