- I am upside down on my investment property and I cannot rent it for what the mortgage payment is. what to do?
- I have an investment property and can not rent for the amount close to mortgage and HOA. I don’t earn much?
- What is a mortgage rate for an investment property with 25% down payment?
- Refinancing mortgage to make down payment on investment property?
How much do you typically need to put down for an investment property? (Mortgage)?
13
Mar
QandA
March 13, 2010 at 11:41 pm
Most lenders like to see 20% for a non owner occupied mortgage
punchy333
March 14, 2010 at 12:23 am
You want 20% to avoid having to pay mortgage insurance.
oompa
March 14, 2010 at 1:09 am
100% financing is possible given good enough credit, even with an investment (use a broker not a bank)
mortgage insurance (pmi) is now tax deductable as of 2007. Regardless there is no PMI on a 80/20 combo loan–no money down.
5% ensures no headaches getting the loan, 20% or more to get the best rate. you can have seller pay your closing costs fyi
maylene_biz
March 14, 2010 at 1:39 am
Mostly are 20%, and if you want to buy investment property just email me and its my please to help you.
mortgagelns
March 14, 2010 at 2:00 am
You get better rates and closing costs if you put down 75%. Many options with lower down payment requirements are available at higher rates and fees. 80/20s are rare on investment properties.