Forgotten Your Password?

Need to Register?

Question Icon

What is the lowest down payment option for an investment property?

by veronica650 from Maine, New York. Aug 31st 2016 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,852 contributions

For your standard conforming conventional loans (Fannie / Freddie), it depends on what the property is. A single family home can be as little as 15% down, but you get better rates with 20%, and 25%. Multi-family homes (up to 4 units) will require 25% down.

Sep 1st 2016
1
0
William J Acres (William_Acres)
#75 ranked lender in Arizona - 8,728 contributions

Ideally, you want to put 25% down.. But like Joe said, 15% down for a single family residence.. duplex, 4plex, condo, etc.. will be higher.. Also, with 15% down, you will be paying mortgage insurance.. 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 NMLS# 226347

Sep 1st 2016
1
0
Subscribe to our news feed.