Investing in Florida real estate is possible with as little as 10% down! Many wonder if its even possible to get an investment mortgage with only 10% down and that answer is yes!
But, while the dream scenario of walking up to an ATM and pulling out an investment mortgage might sound amazing… the reality is every loan is different in today’s world. It does take work and certain conditions to get approved.
With access to one of the largest networks of banks and private lenders, our goal is to look for funding that will get you approved. All these lending institutions have different needs, wants, requests and your financial standing as an investor also means they require certain things from you.
Our goal is to help you get approved. After we understand your financial standing and investigate preliminary documentation, we get a better understanding of what you will qualify for and what lenders are the best choices.
Some may require more down payment, while some say yes to 10% down payment investment loans. Let’s find out and get you investing and building wealth in real estate.
Some of the things you’ll need to get ready are:
-Stated income, but most transactions do not require verification.
-30-40% down payment
-Financial records or portfolio
-Background check information
(there’s more but common sense as the bank will look very closely at who you are to make sure you have the capacity for a mortgage)