Hi Jonorato1:

As stated below, as an owner occupant if you qualify for an FHA loan, 3.5% down is all that is required. If the property is in a rural area, it may qualify for 100% financing with Rural Development financing.

Feel free to contact me to assist you. I work in the Scarborough/Saco area and I am also an Accredited Buyer Representative.

My contact info is: CJ Dubois-Cote, Prudential Prime Properties, 445 Main Street, Saco 207-615-1663 or cindy@prubay.com - I look forward to hearing from you.

Hi, it looks like your question has some conflicting information. If you are going to be living in the property, this would not be deemed investment, but rather an owner occupied property. Downpayments can be as little as 3 1/2% via a FHA loan. Please advise if I am not properly understanding your question, Thanks,