Does anyone know of a mortgage company or bank that will finance more than 80% of a four unit building?
2007-11-13 02:29:27 · 5 answers · asked by jgurl20022 2 in Business & Finance ➔ Renting & Real Estate
If you plan to occupy one of the units yourself, you should be able to obtain financing similar to that of a single family residence. If this is purely an investment purchase, you're going to need stellar credit and a strong asset portfolio to qualify on those terms.
Of course there are those here who claim to be able to 'help' you, but use caution. You may be faced with usurious interest charges and high closing fees.
2007-11-13 02:51:25 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Yes. You can do it at 80% if it's investment property and up to 100% on a primary residence through FHA. Athough the credit is not the main requirement for FHA, these loan to values are based off of good credit.
2007-11-13 21:27:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is out there but you are going to need good credit and verifiable income.
Is this owner occupied or investment?
What is the Purchase price?
How much can you put down?
Do you have landlord experience?
2007-11-13 10:44:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
What state are you in?
2007-11-13 10:35:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes absolutely. What state are you in?
www.fcmdirect.com
abrock@fcmdirect.com
2007-11-13 17:16:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
97 % financingf available here justr e mail me and I will give you details
2007-11-13 11:17:18 · answer #6 · answered by Fabio G 3 · 0⤊ 0⤋