How much down payment do I need for an investment property?
Most lenders require a larger down payment for investment properties than for primary residences, typically starting around 15 to 25 percent of the purchase price. The exact amount depends on the loan program, your credit profile, the property type, and whether you have other financed investment properties. Conventional loans are the most common for investors, and some portfolio lenders may offer different terms. If you plan to live in one unit of a duplex or small multifamily property and occupy it as your primary residence, you may qualify for owner occupant financing with as little as 3 percent down. The specifics depend on your situation and a licensed lender should confirm, and Jon can connect you with one.
Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.
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Meet Jon Hegreness
Jon Hegreness
REALTOR / Associate Broker · Howe Realty
AZ License BR540940000
Full-time Phoenix North Valley REALTOR and Associate Broker with 24 years in Arizona residential real estate. A negotiator and problem solver who works the way you would want a friend in the business to work: direct, on your side, and steady through the parts that get complicated.