There’s a local (very local, literally one 20′ wide store front) bank in my hometown that will loan on 1-4 unit investment property AS IF it were a 5+ unit or commercial property. You’ll pay 0.5% more for it, but it’s a lot easier to qualify since it’s mainly based on your credit and the building’s income, not your income. Rate fixed for 10 years, 20-25% down.
Guessing they’re keeping those loans on the books, not selling to the GSE’s 🙂
Once you’re paid off on your home, you can always still have a line of credit against it to 70-75% of value, that’s then convertible into a fixed-rate loan.
