The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

15% down to buy a rental

The percentage down to purchase a rental property might less than you think

By Scott Sheldon / May 9, 2018

To purchase a rental property the consensus down payment needed 20%. However, the requirement to purchase a rental property is much lower than you think. Here’s what you need to know if you’re buying a rental property…. To purchase a property for rental income purposes 15% down is the requirement. If you’re purchasing a rental…

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