Duplex house hacking

[Brian Goff]

We relocated during covid and rented instead of buying. The plan was to build, but the perfect storm of supply chain, labor and now rising interest rates have put those plans on hold. There is a duplex for sale nearby that I'm considering living in one unit and renting the other. How do lenders treat that? Would it be viewed as residential or commercial? It would be our primary residence. What kind of down payment % would be expected being that it is a duplex instead of SFH?

[Jona Santiago]

It's going to be a residential , primary residence. Down payment depends on which loan you take. FHA loans can be as low as3.5%. Conventional loans are normally higher.