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Answers (3)
Best Answer
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:3428
Even with Homepath, you need 20% down for Multi-unit investment.
Less than 20%, loan does not exist.
- Carl Ashton, "Carl Ashton"
- Contributions:86
Home path is good for Duplexes, 2 unit condos and two unit townhomes/carrage homes, and investment homes you can do 10% down but only as a single investment property you cannot buy multiple Homepath invesment properties for 10% down.
Right now you can get 3.5% toward closing till June 30th on Homepath homes.
Right now you can get 3.5% toward closing till June 30th on Homepath homes.
- Gold Star Financial
- Contributions:13
I have to agree. These are standard guidelines for most lenders.
What is the minimum down payment on a multi-family investment property in Broward County (Florida)?
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