Mortgage loan types

3 Replies

@Albert Smolinski Typically, investment / rental property loans are 20-25% downpayment conventional 30 year fixed rate loans. If you search for "house hacking", you can read up on how people buy a property that they first live in, then rent out when they move out. Or, you can buy a duplex, triplex or fourplex, live in one unit and rent out the rest. Owner occupant loans can be had for 0-3.5% downpayments

For investiment multi-unit properties (non-owner occupied), you will look at the very least 25% down. As @Arianne L. mentioned, a lot of folks move into one unit and then the next year they rent that one out as well.

Good luck on your purchase!

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