15% Down For Investment Properties is Back

I just got word from one of my lenders that investment loans with less than 20% down on single family homes (for rental purposes) are back.  At least here in the Kansas City market.

I haven’t really checked in to see if they are worth the cost differential.  There will be PMI, of course.  This news was brought to me by Tom Brassfield of Stonegate Mortgage if you want to contact him.  913-709-9779.