Lending for a Condo with 45% Owner Occupancy as an Investment PropertyOur condo complex is approaching 55% Renter Occupancy and we have found it increasingly difficult to sell. Not because we can't find a buyer, but because the many people interested in purchasing could not get a loan!Because of the Rent/Own Occupancy ratio, we of course are not FHA or VA approved, and have recently found out that even Conventional loans will at best require 20% down, but still may not even be available depending on the lender.We have since found an investor who is very motivated and can put 30% down. He has reached out to many lenders with no success because he is not planning on occupying the unit. Our agent and a local Mortgage Specialist have done the same. He wants our place, and we want to sell it! Is there anyway to make this happen?July 12 2012 - Norfolk00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.