Updated over 3 years ago on . Most recent reply
Money down for first multi family house
Hello, I am new to this. I need some advice, i am thinking of buying the first 3-4 family house as my first house. Do you know any banks or lenders would do less than 20% as a first time buyer? Thank you
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@William Than This is going to depend on if you plan on occupying the property or not. If you plan to owner occupy the property than you should be able to qualify for a lower money down loan. If you are planning to purchase as an investment property you may have a tougher time getting below 20% down. I would reach out to your lender to get a better Idea of what you would qualify for. Good luck with your investing!