Southeast Michigan · Member since 2018 · 16 posts · 2 votes
I am looking for some advice..... I am getting ready to purchase our first investment property (duplex) and working with the lending institution, I learned from them I have to have 25% down in order to purchase due to Fannie Mae. Is this true? I have read that people put down as little as 10% down.
@Leah Roberts You need 25% down payment for 2-4 units on investment property. 3.50% for FHA and 5% for Home possible requirement is for primary residence.