Good Loan?

$380,000 price @ 90% no points 6.75% for investment property in MD? I have average credit high 600’s

I’m by no means an expert but I would say that if you can come up with the down payment and closing costs AND the rent will cover your expenses (PITI, maintenance, management, and HOA fees, etc.) that this is a decent enough loan…Largely speaking in the Maryland area (especially in the DC 'burbs), you will have good capital appreciation on the unit, also.

Perhaps some of the ‘money’ folks will weigh in also.


That’s a good deal are they giving you any money to do some renovations?