Monday, August 3, 2015

Loan Programs To Choose

Did you know a buyer purchasing an investment property can put down as little as 15%?  This opens a lot of doors for your investors.  Some of the requirements are… the property be a one-unit detached single family residence, the buyer’s credit score be 720 and above, and the buyer cannot have more than 3 properties already financed.  For your buyers who already have 4 to 9 properties financed, the minimum down payment is 25% and there are credit score and reserve requirements.  

Also, we’ve seen an increase in inquiries regarding Jumbo financing.  We recently quoted a 30 year fixed at 4.375%. (4.439% APR) That’s only .25% higher in the rate than conventional financing. If you have questions regarding Jumbo, Conventional, VA, or FHA financing call or email me.

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