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Updated over 7 years ago,

User Stats

43
Posts
9
Votes
Chris Penny
  • Union City, CA
9
Votes |
43
Posts

Duplex loan with 15% down?

Chris Penny
  • Union City, CA
Posted

Hello,

I am about to buy a duplex at about 300K and wondering if I can make a conventional loan with only 15% down (or less). Assuming I have a good source of income (day job) and good credit score. I understand that I'll have to pay PMI but from my analysis, 15% down with PMI give me much better CoC than 25%. Please recommend some good lenders if you know any. Thank you!

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