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Updated about 2 years ago on . Most recent reply

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5
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1
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Abdul Ali
1
Votes |
5
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Lowest downpayment option for a multi-unit

Abdul Ali
Posted

Can someone please point me to the lowest down payment option I can get for a multi unit ? I am a first home buyer currently the lowest i found is 15% looking for lowers. 
I have a solid credit. 

Thank you in advance 

Most Popular Reply

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193
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160
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Jevon Shaw
  • Investor
  • DFW, TX
160
Votes |
193
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Jevon Shaw
  • Investor
  • DFW, TX
Replied

The lowest would be an FHA loan, which is 3.5% down. You must occupy the property to obtain this loan. If you are occupying the property, be sure to look into local home buyer programs as well. Some of them will give you a certain percent to use toward the down payment.

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