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Updated about 3 years ago,

User Stats

5
Posts
2
Votes
Joseph Post
Pro Member
2
Votes |
5
Posts

20% DP for Multi family

Joseph Post
Pro Member
Posted

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!!

  • Joseph Post
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