Updated about 5 years ago on . Most recent reply
Owner-Occupied Triplex Financing LTV?
I'm considering purchasing a triplex and living in one unit, but based on my research it seems you need to come up with a 25% down payment per Fannie Mae guidelines? Is this correct? I have also seen that for pure triplex investment properties (non-owner occupied) you need a 25% down payment as well.
Assuming I was putting 13% down for the property, I would be able to service the loan purely with my W2 income and no rental tenant income.