By Mel Dorman, December 14, 2021
I’m so happy for and proud of thig guy! We put together a SMART deal – that got him into this AWESOME investment property for just 5% down!
Umpqua bank, a local lender, offers a portfolio loan for owner occupants that allows for borrowers to put as little as 5% down! They do not require the self-sustainability test AND they allow the borrower to receive up to 3% back from the seller in a credit for closing costs and prepaid costs. Another amazing aspect to this loan is they allow you to pay the PMI in a single payment upfront at closing, which can be part of that 3% credit from the seller. This allows most of my client’s to cash flow immediately on a 3-4 unit property with only 5% down out of pocket.
Reach out if you want to learn more by emailing me at melissa@livingroomre.com or calling me at (503) 567-4697.
Mel Dorman
Broker | OR & WA
She/They
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business...
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- T: 503-567-4697
- melissa@livingroomre.com
