Private Lending & Conventional Mortgage Advice

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Jeffrey McKee
  • Engineer and Network Marketing Professional
  • Plano, TX
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58
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Conventional lending for owner occupy duplex

Jeffrey McKee
  • Engineer and Network Marketing Professional
  • Plano, TX
Posted Aug 1 2014, 12:20
Hello, I ran into a road block with my lender on a duplex property I found in Texas. He is telling me that the minimum I can put down on a duplex when purchasing both sides as owner occupant is 15 percent. This is for a conventional 30 year loan. Does anyone have experience with this or know if it is possible to put less then 15 percent? Thanks

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