10% down over 625k

Save up more cash.

forget it. unless you want to pay some insane %

how insane would it be? i'm hearing that there isn't even an option anymore.

Dude have you not learned anything since 2008? It SHOULDN'T be an option anymore.

You cannot afford this property. Move on.

Well it's not really a question of affordability -- i want to maximize how much I can borrow at these low interest rates (I am happy borrowing at 4-5% for 30years).

I'm also not asking if it should or shouldn't be the option -- I just want to know what options are available (if any) to do so.

And the lenders (finally) are wising up and realizing that it's too risky to allow borrowers to borrow 90% - regardless of how "happy" it makes them.

what if he wants to lower his tax basis?

Price declines from eliminating buyers who can no longer "afford" the apartments will certainly lower the tax basis. Unfortuinately for the OP, this seems not to apply to his tax basis.

It doesn't matter. The over-leveraging of property is one of the main culprits of what got us into this mess in the first place.

NYCMatt -- we are not discussing why 10% down is good or bad thing. We just want to know if there is a way to do so for loans greater than 625.5k.

columbia - there really isnt many options for 90% financing above the $625,500 loan limit. You may find a lender but they would probably require some sort of account or certain amount of deposits/investments with them. sunny.hong@bankofamerica.com

This was a joke right?

thanks shong. i'm getting the same reply from of the lenders i've spoken to.