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Thread: What's the max home loan if already have a commercial property loan?

  1. #1
    Join Date
    Jan 2007
    Posts
    164

    Default What's the max home loan if already have a commercial property loan?

    Can anyone advise what's the maximum financing I can get if I already have a commercial property loan under my name? I know that for 2nd housing loan onwards, the maximum is 60% but am not sure whether a commercial property loan counts towards this tally.

  2. #2
    Join Date
    Oct 2012
    Posts
    2

    Default

    I don't have that much Idea about it but I have heard somewhere that Yes the maximum is 60 %.

  3. #3

    Default

    I think you should look for Professional Loan Advisor help. It depends on your income as well as the security you give to the loan provider , condition and clauses differs from person to person.

  4. #4
    Join Date
    Jan 2015
    Posts
    2

    Default

    @GraceTownsend
    good suggestions from your end.

  5. #5
    Join Date
    Sep 2020
    Location
    Texas
    Posts
    2

    Default

    For a traditional commercial mortgage, the minimum down payment varies between 15% and 35% of the overall purchase price, depending on the lender. With SBA 7(a) and CDC/SBA 504 loans, the range is more standardized, falling between 10% and 15% of the purchase price.

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