Does 15% down for investment property still exist?

[Wei Jie Yang]

Hi everyone,

Last time I bought a property was in 2019. Back then the minimum I needed to pay was 15%. My lender is telling me that's over and now the minimum is 20%. Is this a Freddie/Fannie rule or is this an overlay? Does anyone know?

[Shaun Weekes]

Originally posted by @Wei Jie Yang:

Hi everyone,

Last time I bought a property was in 2019. Back then the minimum I needed to pay was 15%. My lender is telling me that's over and now the minimum is 20%. Is this a Freddie/Fannie rule or is this an overlay? Does anyone know?

 Yes, Fannie will still do this on Single Families Residences.  Your lender has an overlay.