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Updated about 6 years ago, 10/18/2018
What do lenders usually require for a down payment?
I’m curious to know what lenders usually require for a down payment on multi family properties? Is it usually 20% down with a certain amount in the bank in case renters are not immediately found?
Also, do loans differ depending on the size of the property? Like is a duplex loan going to fall under the same category as a quadplex or a 5+ unit property?