how to purchase an investment property without putting 20% down (loan, bank, Fannie Mae) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

Maccarra de climb · 02-29-2012, 12:45 PM

Im trying to purchase an investment property in Brooklyn NY. I own a 2 family so the banks are asking for 20-25% down. I understand i have to put something down but 25% is to steep & am looking for alternative ways any help will be appreciated thanks..

Debsi · 02-29-2012, 01:55 PM

Fannie Mae requires 25% down on investment loans. You'll have to find a bank not selling to them.

Freddie Mac requires 15% down on a purchase 1 unit investment property.