Typical funding requirements for a 4-plex?

[Account Closed]

So I looked up the highest rated loan officers on Zillow in my area and I sent them all emails asking what the general requirements are for purchasing a 4 plex; I got quite different answers from all of them!

First, for non owner occupied rental property, they all pretty much said the same thing. Conventional loan will require 25% down with 6 months reserves saved for each financed property I own.

Second, I asked them, what if I planned on occupying the unit? One guy told me I would only need a 5% down payment, several others said 15% down, and several others still said 25%.

Then, I asked what about FHA? One guy told me 3.5%, another told me 5%, and others said it would still be 25%!!!

What's with all these different answers??!! Does anybody here actually know the correct answer?