4plex financing

[Anthony Cosgrove]

I am looking at purchasing a 4plex. I currently own one other SFH besides our personal residence. A direct lender told me that since it was a 4plex I would need to put down 25% instead of 20%. I was under the assumption that 1-4 were treated the same. Am I wrong?

[Upen Patel]

@Anthony Cosgrove Being that its a 4-unit investment, 25% down is the agency requirement.