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Private Lending & Conventional Mortgage Advice

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Chris Penny
  • Union City, CA
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43
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Duplex loan with 15% down?

Chris Penny
  • Union City, CA
Posted Jun 18 2017, 10:41

Hello,

I am about to buy a duplex at about 300K and wondering if I can make a conventional loan with only 15% down (or less). Assuming I have a good source of income (day job) and good credit score. I understand that I'll have to pay PMI but from my analysis, 15% down with PMI give me much better CoC than 25%. Please recommend some good lenders if you know any. Thank you!

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