Less than 20% down using conventional financing?

[Kyle Spearin]

Using conventional financing, are there ways to get a loan with less than 20% down? This would not be for a primary residence.

[Andrew Postell]

@Kyle Spearin for a single family investment property you can use 15% down on the property. Don't forget about the PMI at that level though. It's not much but just don't forget about it is all. Not all lenders will do 15% down though...but there are plenty that will. Only on your primary homes will they allow a lower downpayment. 15% down on investment properties is the minimum. Thanks!