Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago, 04/27/2018
New FHA requirements?
I'm trying to get pre approved for my first loan and I'm told that if I want to buy a duplex, it will be automatically be considered an investment property and that both a conventional or an FHA (the bigger surprise) would require a 15% down payment. Is this correct? I thought jt was 3.5% for FHA until it's more than 4 units.