As an investor what is the minimum % down you have to have?

Asked by Wayne, Citrus Heights, CA Sun Nov 21, 2010

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Andrew Marti…, Mortgage Broker Or Lender, Orangevale, CA
Sat Feb 26, 2011
Very simple,

2-4 units it 20% down
Single Family investment its 10% down

Keep in mind Homepath interest rates are driven by credit score and downpayment.

**** Also all you investors out there looking to buy Homepath properties Homepath Mortgage now allows up to 10 financed investment properties.**** This applies to Homepath listed properties only. Change went into effect on Feb 1, 2011
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Nick Solis, Agent, Walnut Creek, CA
Fri Feb 4, 2011
In short YES. We specialize in HOMEPATH properties and loans so if you need more info besides what was on the HOMEPATH website we can provide it to you free of charge or obligation.
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Babuyer, Home Buyer, San Jose, CA
Thu Feb 3, 2011
Can the Homepath program do investment loan with 10% down payment?
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Nick Solis, Agent, Walnut Creek, CA
Mon Nov 22, 2010
Yes Wayne as others pointed out 20% is the minimum in most cases. as said above these are is a program on Fannie Mae REO's called Homepath. The purpose of this program is to make financing easier to obtain thus allowing Fannie Mae's properties to sell faster. This program requires 10% down payment. There is no MI requirement and as part of the loan there will not be an appraisal done. The value is set my Fannie Mae's and the Buyers contract price. The down fall of this program is that very few lenders have experience closing these loans and the rates are much higher in almost every case. The website to search these homes is

As for suggestions, I would look more towards the standard Conventional loan but instead of putting 20% down put 25%. This makes the rate much more aggressive. The Fannie Mae's guidelines read that 20% requires a 3.5% hit to the pricing and 25% down is only 1.75%. This means that you will see a rate .5 to .75% lower with 25% down.
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Gene Riemens…, Agent, Brentwood, CA
Sun Nov 21, 2010
Generally 20%, However, there is homepath and a few other situations were you can get away with 10% down.

The link below will take you to a site to get a free Book on Real Estate Investing that answers a lot of these questions and more. You can also search homes at the site.
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Jerry & Paul…, Agent, Brentwood, CA
Sun Nov 21, 2010
Hello Wayne, Ros is correct regarding investor purchase down payment. I have been in the Brentwood area since 1968 and never seen the rates or the prices this low. This is a great time to purchase and if the home is going to be a rental, rents are good as well. Please let me know if I can be of any help to you in the purchase of your investment property.

Paulette Parsons, DRE # 01363798
Prudential California Realty
(925) 437-3927
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Shannon Coe, , Brentwood, CA
Sun Nov 21, 2010
Hi Wayne,
Ross is correct. 20% for an investment home.
Let me know if you would like more information on the market.
Shannon Coe Realtor #01489731
WR Properties Brentwood CA
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Roswell Moore…, Mortgage Broker Or Lender, Scottsdale, AZ
Sun Nov 21, 2010
Hi Wayne,

Here's your answer:

* 1 Unit -20% down
* 2 - 4 Units - 25% down
* HomePath Purchase - 10% & no mortgage insurance.

Please feel free to contact me if you have any questions.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite and fund FHA, VA, USDA, Jumbo, Conventional, loans to Canadians & other Foreign Nationals, on time. NMLS ID 263779 | AZ BK 0903725
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