Updated almost 8 years ago on . Most recent reply
Owner occupied duplex trying to buy another with 5% down
I have an owner occupied duplex, I am trying to buy another duplex that I will owner occupy. Can I finance it with 5% down? I have been told conflicting things. Help.
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To update on my end:
It turns out Ruhl mortgage was NOT able to come through with a 5% conventional. My loan servicer was informed incorrectly and then was set straight in underwriting that they aren't able to provide that product. I ended up going with an FHA loan.
Did you ever figure anything else out on your end?