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Updated over 8 years ago on . Most recent reply

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Heath Dunn
  • Investor
  • Anderson, SC
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Owner occupied duplex trying to buy another with 5% down

Heath Dunn
  • Investor
  • Anderson, SC
Posted
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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Dan Kelley
  • Rental Property Investor
  • Leander, TX
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Dan Kelley
  • Rental Property Investor
  • Leander, TX
Replied

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?

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