What Kind of Down Payment Do You Need to Buy a Philadelphia Investment Property?

Many Of Our Clients Are Unclear On the Down Payment Needed to Buy A Multi Family Property

We thought we would clarify.  There are different options available for different kinds of buyers.  There is no one size fits all option, unfortunately.


  • 3.5% down – for the buyer who will be an owner occupant they can go FHA.  They can boost the purchase price by 6% to help cover closing costs.  You can only have 1 FHA loan at a time.
  • 20% down – for the conventional buyer who is an owner occupant.
  • 25-30% – for the investor who will not be occupying.

Your rates, terms & eligibility are determined by your credit, income & debt.

If you are planning on investing in a single family you may have more options with a conventional loan in terms of putting down 5 or 10%.

Our Best Advice

Use a loan officer who does a lot of multi family loans.  They will know the requirements & regulations better than someone who usually works with a traditional buyer.

We have great referrals for lenders well versed in the purchase of multi family properties.  If you would like a referral, feel free to contact us!

Utilize the services of an agent who sells a lot of multi family property.  Jordan Brody & Co. specializes in investment property, specifically, multi families.  Contact us today if you want more information!

Set up a custom multi family search here.