I have 20% to put down on rental property (duplex). High Income/Debt Ratio

[Mina G.]

I currently own a duplex and I have been renting 1 apartment and living in the other one for 4 years with great success dealing with tenants.

I want to expand and buy another duplex and rent it out.

I have 20% to put down but I can't get a conventional loan due to my high Income to debt ratio (because of my current mortgage).

What are my options?

I tried speaking to someone about no doc loan and was told I need 30% down and it will be 8% interest rate.