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Updated over 6 years ago,

User Stats

7
Posts
4
Votes
Holden Bouwers
  • Investor
  • Indianapolis, IN
4
Votes |
7
Posts

Can you buy a triplex under 25% down w/o going FHA?

Holden Bouwers
  • Investor
  • Indianapolis, IN
Posted

I am looking to buy a triplex and forgot that you can no longer do a 3-5% down conventional program because it is multi-family. I know the seller is a little squeamish and just wants to close quickly and FHA tends to take longer they are more strict about the properties condition (chipping paint etc) and I do not want to scare him away. Are there any workarounds or suggested solutions?