Down payment on a multi family (Non FHA)

[Ryan Trexler]

I’m in the early stages of purchasing an investment property and am evaluating my financing options. I currently own a single family home and do not want to owner-occupy a multi family.

I spoke with a loan officer who said that I need to put 25% down on an investment property to get financing. Is this accurate?

I’m doing my research but thought this would be a good place to get answers and suggestions.

Thanks

[Jaysen Medhurst]

20-25% down is standard for a non-owner occupied property. Occasionally, I've heard of 15%, but that's pretty rare and usually come with a higher rate. @Ryan Trexler, call around to all your local banks and CUs and see what they offer. Pays to shop around. Assuming this is not more than 4 units, you should be able to do okay.