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Updated almost 4 years ago on . Most recent reply
![Rodolfo Suarez's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2096602/1621518047-avatar-rodolfos13.jpg?twic=v1/output=image/crop=854x854@195x762/cover=128x128&v=2)
Is 10% worth possibly losing the deal?
So I’m currently in a contract with my second deal, which I think is a killer deal of $80K on a 4/2 home (which is worth an easy $120K) that’s being run like a duplex. House, they cut in half and are renting both sides.
Since I already used my FHA on my first deal and it hasn't been a year. My bank is considering the home/duplex as an investment property, and my bank just told me that it just started requiring 25% down this week.
Should I try and rush getting approved by another bank that only requires 15% down or just ride it out which would have me leaving an extra 10% in the deal? I just signed the contract and paid the earnest money yesterday.
Sincerely,
Rodolfo Suarez