Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
20% DP for Multi family
I am looking for lender who will accept 20% DP on a conventional loan. Prospective property is small multifamily 4 units or less. I already own a primary and don't plan on moving into the property. I have tried numerous lenders, banks and credit unions all requiring a 25% DP for multi family. Has anyone else experienced this? any other routes I could take? Ideally like to buy within the next month or before spring. Hoping prices dont jump by spring if I have to save another 5%. Thanks in advance for any advice!!