The Minimum Down Payment

There is much confusion as to the minimum down payment required to finance an income property since the federal government began to tighten mortgage insurance standards.  Briefly, the standard requirements are:

For a homeowner (maximum purchase of one million)

Duplex 5%

Triplex and fourplex 10%

5 apartments and more 15%

Purchase over $ 1M 20%

For a non-homeowner

In all cases 20%