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Updated about 9 years ago on . Most recent reply

User Stats

26
Posts
6
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Jeff L.
  • Investor
  • Louisville, CO
6
Votes |
26
Posts

Does 20% Down in Colorado Exist?

Jeff L.
  • Investor
  • Louisville, CO
Posted

Howdy BP!

Quick question for you savvy investors in Colorado. I have a duplex in Colorado Springs under contract and would like to put down 20% on the deal. However, all the lenders I have spoken with are telling me that 25% down is the only option for a conventional loan on a multifamily. Is this true? Has anyone been able to find a lender or product under Fannie/Freddie that allows for 20% on a non-owner occupied duplex?

Thank you in advance for your help!

My very best,

Jeff

Most Popular Reply

User Stats

4,424
Posts
2,897
Votes
Bill S.
  • Rental Property Investor
  • Denver, CO
2,897
Votes |
4,424
Posts
Bill S.
  • Rental Property Investor
  • Denver, CO
ModeratorReplied

@Jeff L. if there is someone who knows you can do it with less it's @Micki M.

  • Bill S.
  • Loading replies...