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Updated over 5 years ago on . Most recent reply

User Stats

38
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14
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Jason Farr
  • Investor
  • Portland, ME
14
Votes |
38
Posts

4 unit Mortgage Down Payment

Jason Farr
  • Investor
  • Portland, ME
Posted

I am looking at a 4 unit property for investment only meaning I am not going to live in it. I have called several lenders and they are all saying I need 25% down maybe I could do 20% but probably would require 25%.  Has anyone found lenders that would let you put down something less than 20% for a 4 units that you will not be living in at a competitive interest rate?  

Most Popular Reply

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776
Posts
776
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Frank Geiger
  • Rental Property Investor
  • North Carolina
776
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776
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Frank Geiger
  • Rental Property Investor
  • North Carolina
Replied

That's the standard for a non occupied loan. Unless you want to sprinkle in some owner financing.

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