Bank wants 25% down for duplex

[Jim S.]

My bank wants 25% down on a conventional loan for a duplex. What types of loans do you use to have low down payment? I don't want to mortgage my primary house. I'm looking long term to buy more units. I'm interested in turn key type units, I don't mind some updates needed but I'm not looking for large reno's.

[Caleb Heimsoth]

Jim S. There’s not really anyway around this unless you owner occupy it. If you don’t do that then it’ll be 25 percent down most likely