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Updated over 12 years ago on . Most recent reply

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Daniel O.
  • Riverside, CA
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20% down for investment property

Daniel O.
  • Riverside, CA
Posted

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.

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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

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%).

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