All Forum Posts by: Keith Kellermeyer

Hey Wesley! I believe that you can put a fourplex that you will live in into an FHA loan, which will keep your interest rate quite low and your downpayment low too. The drawbacks of doing so are that the lender may set terms that require you to live in the property for up to 1 year or longer as part of the loan agreement. As for financing 75%, I believe with an FHA loan, you can sometimes put down as little as 3-5% and have the rest financed. If you don't take the FHA route, you can expect to have to put close to 20-25% down if you finance through a bank or commercial lender. If you have a steady w2 job, some savings for a downpayment, and the price is right, I believe acquiring a loan for a fourplex shouldn't be too difficult!