3.5% Down on New Construction 4plex?

[Devyn Grillo]

Hello, any advice is appreciated. We are wanting to put 3.5% down to build a 4plex where we’d live in one of the units. The bank said they wouldn’t do 3.5% on a new construction 4plex, but they would if it was only 2 units.

What’s the reason for them being ok to finance new construction 2 units but not 4?

Are there any banks that would finance 4 units?

Would a bank finance it with 5% down?

Thank you!