25% down payment for a multi family investment property

[Dan Desler]

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!

[James Petro]

I just got a 4 unit multi financed with 20% down. My suggestion would be to go talk to a smaller local bank, and potentially go commercial. That's what I did, and the terms were just about the same as my last loan which was conventional on a duplex .

The 4 unit was
10/1 ARM, 4.5, 20% down, 25 year amort. And .5 point

Good luck!