Question:

I'm planning to purchase a duplex or triplex. One of the units will be my primary residence. What % do I need to put down? Is it still 25%?

Answer:

Thanks for the enquiry,

Financing on an owner occupied multiple unit residence can start as low as 5% down payment.

This type of financing is a little more complicated but there are still some great interest rates available the key is making sure that you are dealing with a mortgage person who can put a great package together for you.

Call us for more details.

Regards,

Len & Craig

Answered By: Len Huffman and Craig Smith

More Questions & Answers ...