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Updated over 9 years ago on . Most recent reply

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7
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2
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Becky Smith
  • Eugene, OR
2
Votes |
7
Posts

Duplex downpayment

Becky Smith
  • Eugene, OR
Posted

My husband and I want to buy a duplex and rent out both sides, and we have 20k saved up. We get free rent where we live now and would like to continue living here and rent out both sides of the duplex, but everywhere I have read said if you will not be living in a side for a year you will have to pay 20-25% downpayment. Is there ANY way to get around that besides living there???

Most Popular Reply

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9,937
Posts
10,792
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Chris Mason
  • Lender
  • California
10,792
Votes |
9,937
Posts
Chris Mason
  • Lender
  • California
ModeratorReplied

*shrug* ya, mortgage fraud.

  • Chris Mason
  • Loading replies...