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Can You Put 3 Percent Down on a Multifamily Investment Property?

It is possible to put down a 3 percent down payment when purchasing a multifamily investment property?

It depends on several factors, such as the lender's requirements and the type of loan being applied for.

One option is an FHA loan, which allows for a minimum down payment of 3.5% for multifamily properties with up to four units. Another option is a conventional loan, which typically requires a higher down payment but some lenders may offer conventional loans with only 3% down.

However, these loans may have strict credit and income requirements, and it is important to speak with multiple lenders to find the best fit for one's financial situation.

Working with a real estate agent and a financial advisor is also recommended. It is important to consider all options before making a decision.

Overall, purchasing a multifamily property can be a great investment opportunity, but it's important to do your due diligence and consider all of the factors involved before making a decision.

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