Low down payment conventional loan for fourplex? (Not FHA)

[Steven O'Leary]

I currently own a three family in Jersey City that I used my FHA loan on. I plan on keeping this property so I will not be eligible for an FHA again. I would like to purchase another owner occupied 4 family, but can not find any loans that are less then 20% down for a 30 year fixed. Anyone have any recommendations on where to look or any brokers in NJ?

[Craig Garrow]

Check with your small local branches. I’ve got a local lender who can do a 5% Conventional Mortgage on an owner occupied up to 4 units.