Down payment

[Leon Keeling]

Does anyone know if it is feasible to still get financing putting 5% down? I'm just looking at options to start with as little money as possible. Thanks!

[Chan K.]

@Leon Keeling If you are buying an owner occupy, then you can get in with 5% down or less. If this occupy home needs a rehab, there is also a rehab loan+mortgage option.

If you own a primary single family, but willing to rent out - you can still buy a new owner occupy multifamily with 5% given that you are willing to wait one year.

If you are purely buying non-owner occupy, the requirement is solidly 20-25% as mentioned by @Jimmy S. , unless you can find seller finance.

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Thanks,

-Chan-