Buying a property as a corporation with owner occupied loan?
Hello,
I am planning on purchasing a fourplex and saw that if it was owner occupied for at least the first year, I would be able to put 5-10% in down payment instead of the traditional 20% but now I am wondering if I can still do this if it is purchased for a corporation? and if not is there any ways to get a lower down payment when purchasing as a corporation?
Thank you. for your help.
Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
@Dominic Jacquot No, you can not get fha or conventional (Fannie/Freddie) with any entity.
Quote from @Wayne Brooks:
@Dominic Jacquot No, you can not get fha or conventional (Fannie/Freddie) with any entity.
Thank you for the answer,
Do you know if there are business loans wich allow for less then 20% down payment?
