Indy Lenders - Multifamily 15% down option??

[Ivan May]

Hey all,

Last year I worked with a local lender on a single family property and initially was told 25% down was my only option for an investment property. I knew that wasn’t the case and pushed back on the lender and ended up with a 20% down and 25 year term. I wanted to double check to see if I am able to possibly do 15% down as an option? I’m aware that some investors are able to go with this option so I would like to confirm before moving forward with a new lender.

My plan is to purchase a 2-4 unit property by end of Q4. Grateful for any advice or assistance with this question.

Best,

Ivan