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Updated over 4 years ago on . Most recent reply
Low-down mortgages on 3-family that aren't VA/FHA
With the current hot market, I am finding no seller wants to deal with my VA financing. Looking for a low-down (5-10%) mortgage to buy a 3-family house hack in Rhode Island. Thus far, all the banks I have called want 20% down minimum for a multi-family purchase, even if it's owner-occupied. Thanks in advance!
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Stephanie P.
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
Pro Member
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
Fannie Mae Home Ready will allow up to 4 units with 3% down. Owner Occupied only. 620 minimum score. Best prices is over 680 score though.
Stephanie