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Updated about 4 years ago on . Most recent reply

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8
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Justin Coulson
  • Real Estate Agent
  • Grand Rapids, MI
2
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8
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Multifamily Investing with less than 25% down

Justin Coulson
  • Real Estate Agent
  • Grand Rapids, MI
Posted

Are there any lenders out there that will finance a multifamily investment (no house hack) with less than 25% down? Ideally, 5-10% down. Every lender I've spoken to so far has told me that it's not possible. Is this a lost cause?

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Replied

Hey Justin,

I haven't found a lender that will finance a multi family with 5-10% down, unless you owner occupy the property. However, if you finance through a commercial loan you can find some lenders that will finance with 15 or 20% down. The only draw back is that commercial terms are not as good from what I've seen.

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