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You will need additional money when purchasing an investment property. For the reason that extremely mortgage brokers wanted investors to put on least a 20% down-payment on a vintage repaired price financing. At the same time, if you are to get a primary household, you could simply rating a good step three.5% disregard. FHA mortgage – and sometimes even 0% Va financing.

Discover a positive change anywhere between a beneficial 20% shed and you will an excellent 3.5% drop. Into the a $250,100000 domestic, you are looking at an effective $50,100 downpayment and you can a beneficial $8,750 down-payment.