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Updated over 7 years ago on . Most recent reply

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9
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Tarunveer W.
  • Rental Property Investor
  • Minneapolis, MN
0
Votes |
9
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Need bankers which offer 20% Down for Investment properties

Tarunveer W.
  • Rental Property Investor
  • Minneapolis, MN
Posted

I recently got my offer accepted for a duplex but almost all the banks are asking for 25% down and I always thought 20% is the go-to way to get things done. I really need some asap replies to pinpoint some banks which still offer 20% down in Minnesota. Sorry I'm pretty new to the biggerpockets so I dont know where else to post this urgent request. 

Most Popular Reply

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2,195
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962
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Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
962
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2,195
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Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
Replied

If you intend to occupy unit you should be able to to get conventional lending for less then 20% down, but that is for

owner occupied. You may want to search local meet ups in area to see who other investors are using.  getting good lending answers tends to be a regional question, try to find a local source.

  • Shawn Mcenteer
  • 9739753895
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House Hacking New Jersey
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