Banks that Let you put 20% down on an investment property

[Nicholas Sambrick]

I was just wondering if anyone has any recommendations on a bank in Pittsburgh that allows you to use 20% down on a rental property instead of 25% down?

[Alex Deacon]

@Nicholas Sambrick there are a lot of banks here in Pittsburgh that will ask for 20% down. All the rates are comparable. There is so much competition that banks are very competitive. It doesnt matter if its single family or multi family. I saw that in a recent post. I buy and sell a few properties a month here in this market and refinance with a few different banks. S and T, FCWB, Standard Bank and others I cant think of at the moment. A lot is going to depend on your financial strength, your credit score, the investment itself and your experience level. If you want send me a PM and I will get you in touch with three lenders and a Mortgage Broker who helps me