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Updated about 3 years ago,

Michelle S.'s profile image
Michelle S.'s profile image
Michelle S.
  • Realtor
  • from Arlington, TX
  • Member since May 26, 2020
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User Stats

21
Posts
47
Votes
Michelle S.'s profile image
Michelle S.'s profile image
Michelle S.
  • Realtor
  • from Arlington, TX
  • Member since May 26, 2020
Connect
Michelle S.
  • Realtor
  • Arlington, TX
47
Votes |
21
Posts
Buying & Selling Real Estate

25% Down for Conventional Loan for Multi-Family? Is that normal?

Michelle S.
  • Realtor
  • Arlington, TX
Posted

Got with one of my local banks today in Fort Worth, TX, and they quoted me 25% down payment if I buy a multi-family property at $400k. Is that normal? My intent is to buy and hold the property for a long time. But giving someone $100k out of my pocket seems steep. Thoughts or experiences? I have excellent credit BTW. Excellent payer. 

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