Why are financial pricing high for 2nd property and you can resource characteristics?
The minimum down-payment to own a single-unit, single-relatives home, townhome, otherwise condominium investment property is actually fifteen% of one’s cost. For a few-to-4-product functions, the brand new down payment risen up to twenty-five%.
- 15% downpayment is actually $75,000
- 25% downpayment are $125,000
Investment property-Minimal downpayment

You are able to a conventional mortgage to acquire an investment property. Loan providers wanted an effective 15% advance payment for a-1-unit investment property and you will twenty-five% getting a two-to-4-tool. (more…)
