Why are bank asking for 25% down for a 2 family house?

You can, if the property is owner occupied, but much less than 25% down. The 25% down requirement for a 2 Family Home only comes into play if it was investment property and you were going to stay living in your current residence. If the property is going to be owner occupied - you can also look at an FHA mortgage - allowing you to put down 3.5%. Keep in Mind - any down payment less than 20% will require you to carry Mortgage Insurance (PMI for conventional Loans and MIP for FHA loans)

You can put down less than 20% down on a single family and do a conventional loan but you would have monthly mortgage insurance. I have lenders that only require 20% down for a two family primary residence if you have a 660 middle credit score. If you have a lower score or it is a investment property they require more. The banks look at lower credit scores or investment properties as a higher risk. If you have any questions or would like us to look into your situation contact us at 201-962-3555. All the best!

I am a mortgage broker and we have lenders that will only require 20% down for a primary 2 family. We do not charge any points. If you want to discuss more please give us a call tomorrow at 201-962-3555 and ask for Benny or Michelle. We work late hours so you can call 9:00a.m. to 9:00p.m. If you would need to call later just let us know.

because banks are worried about the rent roll and seeing if you are buying as a investment or a primary email me at yourloanpartnerforlife@live.com i am a private lender with the same rates but not the overlays from the banks ..

Contact us now for your financial solution; We are the right lenders capable of funding your account within 24 hours.mayfundsinc@live.com