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Dan Desler
  • Batavia, IL
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25% down payment for a multi family investment property

Dan Desler
  • Batavia, IL
Posted Oct 4 2015, 08:05

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!

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