Updated over 10 years ago on . Most recent reply
First Time! Need help asap!
So it's my first time purchasing a place and I have found a perfect 4-plex for a wonderful price. One lender is saying I need to have 25% down in order to buy it but I am looking to live in the house as well. Is there a way to get around the 25% downpayment? All advice would help tremendously!
Most Popular Reply
Hello Kait,
If you get an FHA loan (owner occupied only) you can put down as little as 3.5%, the 25% is for when it is only an investment and you won't be living there.
Kelly