Good news. Now you can purchase a two-unit home with our low down payment option. With as little as 5% down, buyers can live in one unit and generate some additional income by renting out the second unit. They may even be able to use projected rental income to qualify. Keep in mind — mortgage insurance will be required, which increases the cost of the loan and will increase buyers’ monthly payments. We’ll explain the options available, so you can choose what works for you.
This option may be right for the buyers who have identified two-unit properties that they wish to purchase but were waiting for the right financing plan.
Contact us for more information about this 5% down payment for a 2 family home.