Vacation Home Loan 5% down
Hi, I have friends saying there are lenders that do 5% down. Does anyone know anyone that does 5% for a vacation home loan?
Quote from @Nathan Frost:If they are your true friends how come they didn't tell you the actual lender name who does the 5%? 🤔 I was raised sharing is caring. 😊
Hi, I have friends saying there are lenders that do 5% down. Does anyone know anyone that does 5% for a vacation home loan?
Quote from @Clint Jusino:
Quote from @Nathan Frost:If they are your true friends how come they didn't tell you the actual lender name who does the 5%? 🤔 I was raised sharing is caring. 😊
Hi, I have friends saying there are lenders that do 5% down. Does anyone know anyone that does 5% for a vacation home loan?
True. Know of any?
- Lender
- Dallas TX
- 23
- Votes |
- 97
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No products 5% down on 2nd homes or investment, it's not 08' just yet. They must be claiming it to be a primary.
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Lender Texas (#2590002)
- (310) 480-7355
- http://www.allloansfunding.com
- [email protected]
Quote from @Brandon Croucier:What can you do?
No products 5% down on 2nd homes or investment, it not 08' just yet. They must be claiming it to be a primary.
- Lender
- Dallas TX
- 23
- Votes |
- 97
- Posts
Quote from @Nathan Frost:
Quote from @Brandon Croucier:What can you do?
No products 5% down on 2nd homes or investment, it not 08' just yet. They must be claiming it to be a primary.
I can do 10% down on second home in TX,CA or FL
15% down on DSCR for investment in most states
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Lender Texas (#2590002)
- (310) 480-7355
- http://www.allloansfunding.com
- [email protected]
Quote from @Nathan Frost:
Hi, I have friends saying there are lenders that do 5% down. Does anyone know anyone that does 5% for a vacation home loan?
Fannie/Freddie both allow up to 90% financing. https://singlefamily.fanniemae.com/media/20786/display
HOWEVER, the loan level pricing adjustments are HUGE on these loans:
So, the rate and costs will be very high.