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Updated over 9 years ago,
Conventional MF guidelines?
Hi all!
I'm looking to put an offer on my second property, a 3-unit in the MA/RI area. However, I'm just curious about lending guidelines on conventional mortgages that are non-owner occupied. Is there a minimum down payment % requirement?
Historically I've seen 20% but I'm curious if it's more like 25% or 30% depending on the number of units or number of properties you have.
Anyone who could point me in the right direction (even just with) would be greatly appreciated!
-Bruno