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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment Investingdown payment
Michael Kissel's profile image
Michael Kissel's profile image
Michael Kissel
  • from Buffalo, New York
  • Member since Feb 6, 2016
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Michael Kissel's profile image
Michael Kissel's profile image
Michael Kissel
  • from Buffalo, New York
  • Member since Feb 6, 2016
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Michael Kissel
  • Buffalo, NY
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16
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Multi-Family and Apartment Investing

down payment

Michael Kissel
  • Buffalo, NY
Posted Feb 7 2016, 06:00

So I just went through a pre-approval process, have an excellent credit rating and am pre-approved for $200K.  However, the institution used said they require a 25% down payment for any investment properties.  I have been hearing 20% was the requirement.  Is 25% common or should I be working with another institution?

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