Zillow Advice: Lenders - What is the minimum I can put down on a loan for a 4-unit investment property (not owner occupied)?

Many lenders have guidelines ...

Fri, 06 Mar 2009 03:37:00 GMT

Many lenders have guidelines on negative net rents too. They may limit the loan amount so that the 4plex has net zero or posititive cash flow.

In that case a loan while rates are low will be significantly lower down payment then when rates are higher.

Conforming, Non Owner Occupied, ...

Fri, 06 Mar 2009 02:34:00 GMT

Conforming, Non Owner Occupied, 2-4 unit property: 25% down.

There is no mortgage insurance ...

Mon, 02 Mar 2009 23:51:00 GMT

There is no mortgage insurance for investment properties. Some lenders will go up to 80% but the points they require and the rate make it unreasonable or impossible. Even at 75% the rates and fees are going to be horrendous. Right now is definitely not a good time to buy an investment property without a huge down payment and it being a multi-unit property makes it even worse. Good luck.

Expect to pay points too.

Sat, 28 Feb 2009 23:19:00 GMT

Expect to pay points too.

Most of the lenders I work ...

Sat, 28 Feb 2009 21:03:00 GMT

Most of the lenders I work with are requiring 25% down right now on a non-owner occupied 4-unit property.

In today's market not less ...

Fri, 27 Feb 2009 04:15:00 GMT

In today's market not less than 25% down.

There is no mortgage insurance ...

Fri, 27 Feb 2009 01:01:00 GMT

There is no mortgage insurance available for investment properties. The larger down is the only option.

For 3- and 4-Unit investment ...

Fri, 27 Feb 2009 00:56:00 GMT

For 3- and 4-Unit investment (rental) properties, you must put at least 25% down.

Shepard,25% is the minimum ...

Tue, 24 Feb 2009 20:48:00 GMT

Shepard,

25% is the minimum down payment on a 3-4 unit investment property.
IMHO you would be in a better position purchasing two 2 units instead of a 4-plex, Better yet would be a 5+ multi-family. .. Good luck, Rudi

In todays market, the 30% ...

Tue, 24 Feb 2009 18:26:00 GMT

In todays market, the 30% standard applies.