Minimal down payment having a-one-product, single-relatives family, townhome, otherwise condo money spent is 15% of your cost. For 2-to-4-product features, the new down-payment increased to twenty-five%.
- 15% down payment was $75,000
- 25% deposit is actually $125,000
Money spent-Minimal downpayment
You need to use a normal mortgage to acquire an investment property. Loan providers wanted an effective 15% advance payment for a 1-product investment property and 25% to possess a 2-to-4-device.
You can not use authorities-supported mortgage loans to purchase funding qualities. FHA (Government Property Management), Virtual assistant (Department out-of Pros Products), and you will USDA (You.S. (more…)