Conventional loan or hard money loan

[José López]

I am in the process to purchase a multifamily (2 units) property for investment.  Can i request a conventional loan in a small local bank with less than 20% down payment? 

[Robin Simon]

Quote from @José López:

I am in the process to purchase a multifamily (2 units) property for investment.  Can i request a conventional loan in a small local bank with less than 20% down payment? 

Yes - you should be able to get a less than 20% down payment conventional loan from a local back assuming you qualify DTI, credit wise etc.

However, there is a great option called a "DSCR" loan that is in between the conventional loan structure (hard to qualify, lots of paperwork) and hard money (really high rates). DSCR loans are much easier to qualify and have a lot of advantages and are usually 1% or less more in rate than conventional and much lower rates/fees than hard money