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Updated almost 6 years ago on . Most recent reply

25% Down WHAT? Is this normal?
*This link comes directly from our calculators, based on information input by the member who posted.
The loan I am preapproved for wants 25% down? Is 25% normal for a quad multi family home? Also ran the numbers without a management % because if I have to put 25% down I am gonna need to pay myself instead of a property manager.
Its advertised as not needing any repairs and comes fully occupied.
Most Popular Reply

25% down is common. If you shop around for FHA loans you could most likely get a lender at 20% down, but that would be about it unless you get a portfolio lender to do something different as they keep their loans in-house.