- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
In most cases they will need 20% down if they plan on living in one of the units.
If it will be investment property they will need 25% down.
I have a client that has 30+% down. Every property that he is interested in there are not enough comps within the last 90 days that are within a 5 mile radius.
If you can't come up with comps, no loan. Right now, I'm finding the lack of sufficent comps a big problem with 3 to 4 unit properties..... Happy funding, Rudi Hofmann
If it will be investment property they will need 25% down.
I have a client that has 30+% down. Every property that he is interested in there are not enough comps within the last 90 days that are within a 5 mile radius.
If you can't come up with comps, no loan. Right now, I'm finding the lack of sufficent comps a big problem with 3 to 4 unit properties..... Happy funding, Rudi Hofmann
- YourLocalHomeTeam
- Contributions:115
I would check with a local bank like Waukesha state bank or Greatmidwest bank. I have contacts at both.
Jason Schiller
Waukesha State Bank
262-244-0303 (Business)
414-659-6347 (Mobile)
jschiller@waukeshabank.com
Matt Gaulke
Great Midwest Bank
600 Hartbrook Dr
Hartland, WI 53029262-367-4200 (Business)
262-844-3984 (Mobile)
262-367-9079 (Fax)
matt.gaulke@greatmidwestbank.com
Jason Schiller
Waukesha State Bank
262-244-0303 (Business)
414-659-6347 (Mobile)
jschiller@waukeshabank.com
Matt Gaulke
Great Midwest Bank
600 Hartbrook Dr
Hartland, WI 53029262-367-4200 (Business)
262-844-3984 (Mobile)
262-367-9079 (Fax)
matt.gaulke@greatmidwestbank.com
- Roxy Redenbaugh, "LoanLady Nationwide"
- Contributions:125
If they are purchasing with the intention of occuping one of the units they should be ok. There cannot be more then 4 units however.
If they are purchasing property as an investment then NO. Most lenders are between 50% - 70% LTV.
Good Luck
If they are purchasing property as an investment then NO. Most lenders are between 50% - 70% LTV.
Good Luck
Can anyone finance a rental 4-family at 10% down?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.