Posted by zach on January 12, 2009 at 10:00:12:
For full documentation and great credit your looking at anywhere from 75-85%ltv for investor 1-4unit depending on the market your in and 75-80%ltv max financing for stabilized multifamily(5+units).
What are the current LTVS ? - Posted by Dan
Posted by Dan on January 11, 2009 at 16:23:59:
What are the current LTVs for 1-4 Family NOO ???
What is the smallest down payment allowed these days for multi family investments ?
Any have any good mortgage companies to reccommend ?
Re: What are the current LTVS ? - Posted by Ben Carmona
Posted by Ben Carmona on January 20, 2009 at 21:03:07:
If you really want to reduce your downpayment and cash out of pocket expenses then you may want to look at using a portfolio or hard money lender.
Portfolio loan would be at 90%.
With HML, you’d need to be buying the property at a deep discount. This should get you in with very little or nothing down. You’d then do a refi with a conventional lender or local bank. Yes, there are 2 sets of closing cost but you need to determine if that’s better/worse than putting down 15-20% and not being able to get that money back for other investments.
Ben Carmona