typical down payment for a mortgage on an investment property

[Joe Fermin]

evening all.  went to speak to a local bank today regarding a potential mortgage on an investment property.  we have our primary home and an occupied rental.  they said that the minimum down payment for another home would be at least 30%.  is that about the typical size of down payment on an investment home?  thanks for any info

[David Bilandzija]

Hey @Joe Fermin 90% combined LTV is the best I'm aware of on long term rental loan program (30 yr fixed). The lender I've worked with in these scenarios will offer 75% max LTV on a first trust deed mortgage and allow seller financing to make up the remainder (up to 90% CLTV).

There's no look at DSCR for qualifying the loan either. Good luck