Traditionally one needs 20-25% down to finance a single family investment property. While that is great for those that have that much liquid funds but what about those of us who don’t? Well now we can offer conventional financing on those properties with only 15% down at an interest rate of approximately 5% on a 30 yr fixed loan. Unfortunately, if you are looking for a multi-family property you will still need to put 25% down. Don’t forget for any investment property the seller is allowed to pay up to 2% of your closing costs via seller’s assist.
Please call me @ 724-933-8666 if you are in the market to buy a rental property and will be in need of financing.
