First duplex purchase: down payment

[Josh Boulanger]

Hi all!

I am looking to buy my first duplex and have been advised that if someone makes over approximately $80k a year, 15% would be the minimum down payment needed. (3.5% is minimum still for single family home)

I’ve called a couple lenders and heard this consistently and just wanted to gut-check this info with the BP community for certainty.

Thanks in advance for your insight!

Josh