Putting down less than 20% in SF Bay Area

[Ben Rice]

Hi All,

Curious to hear any personal stories of putting down less than 20% for an owner occupied duplex/multi-family in the SF Bay Area. Cheers!

[Robert Musallam]

@Ben Rice

I bought a 2/1 SFR in downtown SJ using a 3.5% loan. It had a large garage that I converted to a one bedroom apartment and I rented out the front unit. Not your traditional duplex but it worked out that way.

The process for a multi is much the same, except if there's any income from the second (third or fourth) unit the lender will give you 75% of the income to help you qualify for the property.