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
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Duplex & Triplex down payment minimums (primary residency)
Hi,
I'm looking to buy my first property, a duplex or triplex as a primary residence. I'm shopping around for conventional lenders and am being told different percentages for a minimum down payment on a conventional loan. The percentages I've been told so far are anywhere from 5% to 25%. When I initially ask no one seems to know the answer off the top of their head which is slightly concerning. Does anyone happen to know what the minimum down payment is for a primary residency duplex or triplex? Thank you in advance.