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Down payment on investment property
Posted on 4/25/10 at 6:13 pm
Posted on 4/25/10 at 6:13 pm
I've got my eye on a small residential investment property. Good credit, collateral, etc. Anyone know if some lenders are OK with 5% down, or is it 10% at least? TIA
1
Posted on 4/25/10 at 7:06 pm to tigerjjs
I would imagine you need at least 20% down regardless of if it's an investment property or not.
Posted on 4/26/10 at 11:13 am to guttata
min 25% down with 6 months of reserves. wish you the best of luck.
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