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Updated almost 9 years ago, 02/16/2016
Does 20% Down in Colorado Exist?
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