Purchase long term with conventional 20% or less down

[Nick Cooper]

I’m looking to purchase my second long term rental and I’m wanting to know if 20% down would be possible with an investment property as I’ve been told 25% is minimum. 

[Patrick Drury]

@Nick Cooper
Anything sub 25% down for 2-4 units that are non-owner occupied will be DSCR/ a portfolio product. Last I checked 25% down is still the minimum for a 2-4 unit non-owner occupied conventional loan. You could get a DSCR loan for 20% down non-owner occupied, but the rate will be higher. I have one lender though in Columbus that does 15% down on investment properties non-owner occupied. It's a portfolio product