Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

12
Posts
1
Votes
Huyen Nguyen
  • Chattanooga, TN
1
Votes |
12
Posts

1 Residential Mortgage on 2 separate duplexes

Huyen Nguyen
  • Chattanooga, TN
Posted

There are 2 duplexes for sale by the same owner (2 buildings side by side) and I'm looking to move in one unit and rent out the other 3. Does anyone know if it's possible to purchase both on a single owner-occupied (5% down) residential mortgage? 

Most Popular Reply

User Stats

1,884
Posts
814
Votes
Upen Patel
  • Lender
  • Nationwide Lender
814
Votes |
1,884
Posts
Upen Patel
  • Lender
  • Nationwide Lender
Replied

@Huyen Nguyen Depending on your specific circumstance, you can do 3.5% (FHA) or 5% (Fannie/Freddie) conventional loan for a 1-4 unit residential property as long as you are going to occupy one of the units.

For the property that you would buy as an investment, it will be 25% down.

business profile image
Upen Patel - Novus Home Mortgage
5.0 stars
79 Reviews

Loading replies...