Financing for Owner Occupied Triplex

[Ben Trageser]

The lender I am currently using for financing says that he needs 30% down for a conventional loan on a triplex. Would be doing a 80/10/10 on a conventional for a duplex. Is anyone aware of different financing available for triplex or a way around this besides FHA?

[Ben Trageser]

Quote from @Alfonso J.:

Hey Ben, 

you can easily get an investment loan for 20% down!

What does 80/10/10 mean?

 80/10/10 is called a piggyback loan. 10% down 80% loan and an additional 10% loan whose rate is 2 point above current rate I believe. My issue with the 20% down is the houses I am looking at are a little north of $1 million (normal in this area) and I want to have some cash to make improvements so it's hard to come up with the 20%