Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

1
Posts
1
Votes
Samuel Mitchell
1
Votes |
1
Posts

primary residence duplex financing

Samuel Mitchell
Posted

Location: Roanoke, VA

I am needing a contact/advice on lending options for duplex investment property (only 2 doors). I was working with a local bank, whom was offering a conventional loan but required %25  down payment  because it was multi-family.  This seems very high considering this is a first time investment. I have the %25  but i am trying to utilize the least amount of skin in the game for obvious reasons.

I have heard of FHA loan options that would not require such steep percentages up front. I own a primary residence as of now, and this would be my first investment. I am also willing to move into said property to secure the favorable loan options.

Does anyone have a bank/lender contact/ advice for said situation? 

Thanks ahead of time!

Loading replies...