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Updated about 5 years ago,

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Munish Suri
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Buying Apt Building and making one unit primary residence

Munish Suri
Posted

Could anyone please speak to the financing considerations of purchasing a multi-unit which one unit would be taken as a primary residence of the buyer.  We are considering taking this approach to properties in the Seattle area.  Specifically, are the lending criteria the same as a primary mortgage (ie. minimal downpayments) or is the property considered commercial and we require 20-25% down?  

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