Updated almost 5 years ago on . Most recent reply
Conventional loans for multi family
Hi everyone, wanting to start my real state journey. I been working towards getting my first multi family unit. I was pre-approved for a fha loan, but most of the units that I find are either cash sales, conventional or targeted for investors. My question here is... is there a way to qualify for a conventional loan without putting 20%-25% down payment? Should I negotiate with the lender or should I find another lender? Or should I just keep looking around until I find something that I accept the fha loan? Thanks in advance! I look forward to all the feedback and suggestions.
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@Micah Sweeney so far all my research points toward me needing 15% down.