Down payment minimum

[James Baker]

Hello BP,

I have been shopping around looking for mortgage companies that require less than the 20 to 25% downpayment on an investment property.   However, I have had no luck.  This is my first investment property that I'm trying to make work.  Any information is welcome.   Thanks in advance.

[Brooke Noth]

Hey James,

Are you looking at single family homes or multifamily homes? For single family homes, we can go as low as 15% down payment, but with multifamily homes you are looking at 25%. You could always house hack on a multifamily property to get into one for a much lower down payment.