2 to 4 Unit Loan Options

 

If you will Occupy the property and can provide Full Documentation & want lowest down payment	If you will Occupy the property and do not want to provide Income Documentation & want lowest down payment	If you "will not occupy" the property and do not want to provide Income Documentation & want lowest down payment
Conventional Loan  "0" ( Zero Down) up to $1,000,000.  See Example below:	Loans up to $1 mil ;   Full Documentation  Stated Income or No Doc Loan	Loans up to $1mil  Full Documentation Stated Income or No Doc Loan
$850,000 purchase = $0 down	$400,000 purchase = $0 down or $40,000	$400,000 purchase = $0 down or $40,000
1st Loan of $680,000 5 Yr Fixed/ARM at 5.75% "Interest Only"= $3,258/mo 2nd Loan of $170,000 = $1,491/mo -  Total = $4,749/mo	Loan Amount of $360,000 5 Yr Fixed / ARM Rate of 5.75% with "Interest Only"  Payments = $1,725/month	Loan Amount of $360,000 2 Yr Fixed / ARM rate of 5.25% with "Interest Only" Payments = $1,575/month
Rental Income / month = $4,800  Mortgage Payment / month = $4,749  +51	Rental Income / month = $2,400 Mortgage Payment / month = $1,725 + $675	Rental Income / month = $2,400  Mortgage Payment/ month = $1,575 + $825

  Rates above are examples and may not be actual market rates

Learn more about Interest Only Loans here.

   ^{For 5+ Units go to Apartment Loans}   |   Real Estate for Sale in California