8%-10% down on fha for duplex

This should not be a problem.. so long as you are going to live in one of the units.. FHA purchase money first lien positions are for owner occupied properties only.. The pricing will be slightly higher, but FHA only requires 3.5% down on this particular loan product.. Try contacting a local mortgage broker and apply with them.. because they work with numerous lenders, it's easier to find the one that allows duplex purchases.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Sure, as little as 3.5% down is possible as mentioned above which is less than typically allowed for a conventional loan. Putting 10% down will allow the FHA mortgage insurance to drop off after a period of time too. It's worth looking at the portfolio loan people like Nevin may offer but the rate and terms may not be that much better than FHA. Let me know if I can help...