25% down payment for a multi family investment property
Hi Everyone
I am researching buying my first multi family investment property and I asked my current lender (who I use for my personal home) about the lending criteria and whether it is any different with investment properties. He told me that it would require a 25% down payment. Is 25% down if you're doing a conventional loan standard with investment properties or do lenders differ? Should I talk to other lenders if I want to only put 20% down
Thanks for any input!