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Updated over 5 years ago on . Most recent reply

User Stats

36
Posts
22
Votes
Natalie Wells
  • Rental Property Investor
  • Seattle
22
Votes |
36
Posts

Purchasing Owner Occupied 4plex/ Seattle- best financing options

Natalie Wells
  • Rental Property Investor
  • Seattle
Posted

We are trying to purchase an owner occupied fourplex, priced at just over a million. One of the local lenders we have spoken with told us that they still require 20 percent down even if the fourplex will be our primary residence. Has anyone else run into this issue? Are there any creative ways to pay a lower down payment? Any recommendations on lenders or loan programs? We are in Seattle, WA. Thanks for the help!

Most Popular Reply

User Stats

16
Posts
11
Votes
Will Morris
  • Investor
  • Marysville, WA
11
Votes |
16
Posts
Will Morris
  • Investor
  • Marysville, WA
Replied

@Albert Bui interesting, thanks for the clarification! It can be hard to get all the facts sometimes when it comes to lending.

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