Anthony, This will vary depending on who you talk to. For a well qualified borrower with us, the minimum is 20% down payment for a single family investment property.
15% is possible with a strong enough borrower but you will get a better rate and pricing with a larger downpayment. pdumouchel@primelending.com
Generally 20% is preferred for an investment property.
For a 2, 3 or 4 family property, where you live in one unit, only 3.5% FHA.
Hello Anthony, that really depends on whether we are talking single family home, condo, or multi family, on a single family, you will need 20% down, also, rates will depend on your credit score too. I did exactly what you want to do....the Market is doing well in Boca.
Generally 20 25% is required depending on the property type. For more information please ive me a call.Sharon732 606 6264
For most loan products, it's a minimum of 20% but 25% + is preferred.. There are certain lending programs, which if you qualify for, you can purchase with 0 down or as little as 10%.. but it's for a select group of people, and on certain homes only.. This is in regards to 1-4 units, single family, or cond's.. if your talking about commercial property, then each deal stands on it's own, and would have to be reviewed prior to any commitment of loan terms.. 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
For a single family or condo it will be 20%. For a 2-4 family property, it will be 25% if using Fannie Mae products.
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