Updated over 12 years ago on . Most recent reply
20% down for investment property
I was looking to purchase rental properties. The agent I spoke with stated i'd need at least 20% down which is more than I anticipated.is this true?
Can I use an FHA loan?? any and all information would be helpful. Thanks in advance.
Most Popular Reply
You can check out HomePath.com which sells Fannie Mae properties. If you find one qualified for the HomePath program, investors only need to put down 10% (until you get to more than 4 mortgages in which case it reverts back to 20%).