Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

5
Posts
1
Votes
Nicky Gonzalez
1
Votes |
5
Posts

Conventional Loan Down Payment

Nicky Gonzalez
Posted

Hello! Newbie here just trying to get some advice on my first conventional loan to purchase and rehab a home. Currently living in California, looking to purchase a property in Pennsylvania as an investment. The lender I have worked with before sent me a pre approval letter but the down payment is 25%. Seems like a lot, I have excellent credit, low debt and good amount of savings. I can afford the down payment and still have plenty to do the rehab, I simply would like to know if this percentage rate is excessive or reasonable due to the property being an investment and not primary residence. Thanks in advance!

Loading replies...