Finance second home

[Peta-Gay Merrick]

I currently searching to purchase my second home. I purchases my first home using FHA 2 family and I rented it out. All the banks are saying I will have to put down 25% which I am trying to put down like 5 or 10%. Any suggestions??

[Elise Marquette]

Do you mean a second home like a vacation home? In that case, it's 10% down. However if you plan on renting it out then it becomes an investment property which requires 15% down for a single unit and 25% for a multi