Posted On Jul 14, 2023

Conventional/Uninsured Purchase

  • Minimum 20% down payment
  • Purchase price can be above $1M 
  • “Sliding scale” financing applicable on some purchase prices above $1M (depending on lender/bank)
    • For example: $1.5M purchase price might offer 80% financing of first $1M + 50% of the balance
  • Up to 30 year amortization (some Alternative lenders offer 35 years)