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I enjoy looking at Zillow data and everything in the range I am looking at is racing back to 2018 prices, mainly driven by foreclosures. I thought about invest
by DevKoala 6y ago
I enjoy looking at Zillow data and everything in the range I am looking at is racing back to 2018 prices, mainly driven by foreclosures.
I thought about investing, but it seems that mortgage lenders now expect a 40% down deposit on the property.
- jorts 6y agoFor investment property or primary residence? I didn't have to put down nearly that much for my residence in the east bay.
- DevKoala 6y agoInvestment property. When I bought my residence, the down payment was 20%. These current numbers come from a check on the Zillow advertised mortgage lenders. The 40% down in the simulation tool seems to be because lenders won’t take more than 700k in debt (>1M total cost).
- Gibbon1 6y agoA lot of investors stopped buying jumbo loans. FHA though is still buying conforming loans.