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Updated almost 4 years ago on . Most recent reply

Lender requiring 25% down?
I’m under contract on a duplex in Florida and the lender I spoke with is requiring 25% down because it’s an investment property.
They said this would be the case with most if not all lenders.
Is that right? I’d like to only put down the 20% but not sure if 25% is going to be my minimum.
For context, I’m a highly qualified borrower (high w2 income, credit score over 800)
Most Popular Reply

25% down multifamily investment. 15% down single family investment. Fannie guidelines.
- Russell Brazil
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- (301) 893-4635
- Podcast Guest on Show #192

District Invest Group
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