Financing a condo

[biggygreg]

Anyone have recent experience with financing a condo? What are banks requiring these days for down payments for individuals with excellent credit? What about interest rates on investment homes? Looking at an REO condo as an investment property but not wanting to throw down a lot of cash. Any info or real life knowledge you can share is much appreciated.

 

[Bobby J]

It seems with good credit and good income with proof you should be able to get away with 20 percent down. I hear of better but have not seen it happen when it really gets down to the end.