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Updated about 4 years ago on . Most recent reply
Can owner-occupied duplex get a 5% downpayment vs 20%?
I have a friend who has an opportunity to buy the duplex she's renting. (Lives in 1/2, purchasing entire duplex.)
Can she expect to get a mortgage for a personal residence (5% down payment) or will she have to come up with 20-25% down?
Anyone know of lenders who will treat it as a personal residence loan?