PLEASE HELP: Question about 5% down Conventional for a 1-4 unit

[James Lian]

Hi all!

I know that you can do an FHA 3.5% down on a 1-4 unit property as long as you occupy one of the units as your primary residence. But could you do the same for a conventional loan? I am getting different answers and I am finding that it may depend on the lender. If so, could you guys please let me know of any lender that would do this?

I live in DFW area and would like to buy a property somewhere in Garland. I am also a first-time homebuyer but would like to house-hack a 4 unit property. Thank you so much in advance for everyone's help!

[Vanessa Ng]

For conventional if you're going to be living in one of the units you can do 15% for 2 units. On a 3-4 unit property, you'll need 25% down.