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Updated over 5 years ago on . Most recent reply
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4 unit Mortgage Down Payment
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?
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That's the standard for a non occupied loan. Unless you want to sprinkle in some owner financing.