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Updated almost 8 years ago on . Most recent reply

Meera Lakhavani's profile image
Meera Lakhavani's profile image
Meera Lakhavani
  • from Boston, MA
  • Member since Sep 9, 2016
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Meera Lakhavani's profile image
Meera Lakhavani's profile image
Meera Lakhavani
  • from Boston, MA
  • Member since Sep 9, 2016
Connect
Meera Lakhavani
  • Boston, MA
5
Votes |
31
Posts
Private Lending & Conventional Mortgage Advice

Expected downpayment for multiunit investor mortgage?

Meera Lakhavani
  • Boston, MA
Posted

Hi BP family!

I am trying to buy a duplex in the southside of Chicago (Woodlawn). I always thought an investor mortgage was 20% down, but the lender from Perl mortgage said it is 25% down for a multiunit.

Does anyone have tips for finding the best investor mortgage in Chicago?

Thanks in advance,

Meera

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