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New Jersey Real Estate Q&A Discussion Forum

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Joseph Matarazzo
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Down Payment % Loan Options

Joseph Matarazzo
Posted Feb 22 2021, 10:31

Hello everyone,

I currently own one multifamily in New Jersey which is also my primary residence. I am looking to purchase a second multifamily property. My question is, what percentage down payment is the minimum I am able to put down for different loans? Are there any loans that let you put down 10% for example instead of 20% ?  Would me making this my new primary residence make a difference?  All advice welcome. 

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