Skip to content
First-Time Home Buyer

User Stats

8
Posts
1
Votes
Josh Boulanger
  • Rental Property Investor
  • West Hartford, CT
1
Votes |
8
Posts

First duplex purchase: down payment

Josh Boulanger
  • Rental Property Investor
  • West Hartford, CT
Posted Oct 20 2021, 02:41

Hi all!

I am looking to buy my first duplex and have been advised that if someone makes over approximately $80k a year, 15% would be the minimum down payment needed. (3.5% is minimum still for single family home)

I’ve called a couple lenders and heard this consistently and just wanted to gut-check this info with the BP community for certainty.

Thanks in advance for your insight!

Josh

Loading replies...