Residential VS Commercial Mortgage

[Brook Burns]

I’m looking for information on if a conventional or commercial mortgage would be best for a fourplex.

[Stephanie P.]

Quote from @Brook Burns:

I’m looking for information on if a conventional or commercial mortgage would be best for a fourplex.

The best financing for a duplex is FHA, owner occupied.  With 3.5% down, you're into the property with the lowest down payment and the best rate or any other loan product.  If you don't want or can't live in the property then DSCR is your next best bet.  With just 20% down vs 25% for conventional and no income verification to worry about other than the DSCR number, the barrier to entry is lower although the rate and fees will be higher.