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Updated over 8 years ago,

User Stats

29
Posts
4
Votes
Tim Burdette
  • Investor
  • Lexington, KY
4
Votes |
29
Posts

Money Down: Single Family vs Multi Family

Tim Burdette
  • Investor
  • Lexington, KY
Posted
What is everyone's experience with how much is required to put down on a single family vs multi family? I expected 20% for both but found a bank that will do 15% on single family. Every bank I've talked to for the duplex I have under contract has required 25% down. What's the banks logic behind 25% for a multi family?

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