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I need a lender in central NJ who will do 80% or 85% LTV on an investment property. Anyone know anyone? Thanks!

by dtemmo_544_321 from Trenton, New Jersey. Aug 6th 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

So it really depends on what "Type" of property you are looking to finance.. if they are Dwellings, or homes, apartments etc.. And it's 1 to 4 units, then click on the tab above "Find a Lender".. Type in your zip code, and you should have a list of Lender411 approved lenders to choose from.. if you investment property is more than 4 units or commercial, then your best source is www.scotsmanguide.com. This is the nation's largest source for commercial lenders, and has a very good "find a lender" search tool.. Keep in mind, that on the investment greater than 4 units or commercial side, you will probably need more than 15 to 20% down.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Aug 6th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Unless the existing loan is HARP eligible, you likely won't find a lender advancing more than 75% of the PP or the appraised value on an investment property, regardless of the type of property. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Aug 6th 2012
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Matthew Wells (mwells1188)
#55 ranked lender in Maryland - 17 contributions

The max for an investment property is 75%, now depending how far this property is from your primary residance you may be able to state the home as a second home with a STRONG letter of explanation. Feel free to contact me with any questions or concerns.

Aug 6th 2012
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Brian Allen (ballen)
#43 ranked lender in Maryland - 193 contributions

Investment property requires 25% down if a purchase if it is a refinance the loan will have to be Fannie Mae or Freddiac owned we need more information to properly diagnosis your situation I can be reached by e-mail ballen@accessnational.com or phone 888-354-3299.

Aug 7th 2012
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