Financing / Down Payment Help

[Jeffrey Xenakis]

Good Evening All!

I am starting to look for my first 2-4 unit multi family and I will be living in one of the units. Can someone recommend a bank to work with for financing in the upstate New York area. Mid Hudson Valley to be more specific. A few of the local banks I spoke with told me that even if I were to get an owner occupied mortgage, I would still need at least 15% down. From what I’ve read on BP, I was under the assumption that I could put even less than 10% down if it was going to be owner occupied. So I’m hoping someone here can point me in the right direction to a bank where I would only need 10% down.

Thanks,

Jeff X