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Updated over 8 years ago on . Most recent reply

User Stats

25
Posts
5
Votes
Graham Smith
  • New York, NY
5
Votes |
25
Posts

4 unit foreclosure - owner occupied but still 25% down?

Graham Smith
  • New York, NY
Posted

I'm looking to buy a homepath.com 4 unit as my primary residence - but the bank still requires I put down 25% downpayment since 4 units?

Is there a way to finance this without having to put 25% down? It is a Fannie Mae property. Price is $600K.

Most Popular Reply

User Stats

2,377
Posts
747
Votes
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
747
Votes |
2,377
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

You can buy this property under home  possible program with 5% down. This program has income and area restriction. 

  • Harjeet Bhatti
  • Loading replies...