5% down loan for owner occupied multifamily

3 Replies

My friend and I would like to buy 4plex and live in 2 units and rent others. I approached some lenders and they mention min down is 25%, even though we will live in the building. I would like to ask if there is a lender who is willing to give a loan with 5% down.

With the FHA loan why dont you alone buy it? Seems like potential issues co-owning with a friend and each of you occupying a unit. What is the benefit of buying with a friend?