Updated about 6 years ago on . Most recent reply
Down payment on a duplex?
I’m currently under contract for a duplex a first investment and have run into my first snag. I’m being told by the lender that a 25% down payment is required because it is a duplex, but I was not aware of this in advanced and have modeled it at 20%. 25% wont kill me, but obviously id like to put as little down as possible. Is 25% my only option here or are there other lenders I should consider?
Thank you