looking for a home loan for an investment property that I will be living in as well.

CeliaYes, you can purchase a 2-4 unit property. We would consider it owner occupied with you living in one of the units. with 20 % down you have lots of options. and I can consider the rented units as income coming back to you to help you qualify if need be.you can make loan application on my web site. http://40515.stearnshomeloans.com/eadamsdon't worry about filling in the debt section. I will do that for us.Hope to hear from you.Ellen Adams541-521-7192Licensed in Oregon & Washington.

Ellen nailed it!

Greetings Celia,If you occupy one of the 2 to 4 unit properties then it will be considered your primary residence with favorable terms and rates compared to an investment property purchase.You can put less then 20% down, but 20% is preferred to avoid mortgage insurance.I will be happy to show you clear Loan Comparisons so that we can discuss your scenario further, and thus you can be fully informed of your loan options so you can make a wise financial decision surrounding a home purchase with your eyes wide open.There is no cost and no obligation to do an initial application to help us get started. Apply online (Don't worry about the debt section as that will come from your credit report): http://www.opesadvisors.com/Employees/Randy-Free.htmlPlease feel free to contact Randy Free -Direct Office Phone: (541) 984-5428 Email: rfree@opesadvisors.com 4710 Village Plaza Loop, Suite 210, Eugene, OR 97401 Mortgage Advisor NMLS# 283930 Opes Advisors, Inc. NMLS# 235584 "Expert & Direct Mortgage Banking"

Ellen is right on target. Best of luck Celia!

You shouldn't have a problem finding this loan.. it's very common.. but no one here can quote you without looking at your complete loan profile.. For this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347