How to buy an investment property with less than 25% down

[Laura Levine]

Hi Everyone,

I am researching buying a property to flip, and the mortgage brokers I have spoken with indicate that I will need 25% down if it's not going to be my primary residence. Is there a way to put more like 5-10% down. Or, if I do buy it as a "primary", how long would I have to live there before I could resell it...would selling it after the rehab trigger any penalties? Thanks for your help!

[Aaron Montague]

@Laura Levine

0% Down:

NACA (https://www.naca.com)
VA Loan (http://benefits.va.gov/HOMELOANS/index.asp)

3.5% Down
VHA (http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home)

3.5% AND Renovations
VHA 203k loan (http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k/203kabou)