How much is a downpayment for an apartment building?

Your down payment on any property would depend on the mortgage loan program you are approved for.

The down payment would be a percentage of the sale price of the property. This percentage is normally around 20%.

Your interest rate would normally be based on your credit score. In the purchase of a commercial property there are other elements that would ultimately decide your interest rate.

If you purchase a 1-4 unit apartment complex, the mortgage lender would treat the purchase your primary place of residence if you move into one of the units. Your interest rate would be based n your credit score.

In the purchase of these 1-4 unit apartments you are able to apply for and be approved for a conventional as well as a FHA mortgage loan. IN this instance the down payment for a FHA mortgage loan would be 3.5%. For a

conventional mortgage loan 5%-10%, unless you want to avoid paying the Private Mortgage Insurance (PMI), then your down payment would be 20%.

You would need to check with a local mortgage lender, that do FHA mortgage loans, if this is the type property you would want to purchase, 1-4 units.

If you would want to purchase above 5 units you would be required to contact a commercial loan lender to apply for a commercial loan.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

Apartment building is an investment property - you are looking at a minimum of 20% down. Price will depend on locaton and size...anywhere from a few hundred thousand for a small complex in the midwest to a few hundred million for a high rise in Manhattan.

Downpayment = slice of the total cost. All depends on the price of the buliding, which varies a huge amount based on size, location, condition of the building, etc.

The down payment for almost any property is between 5% and 10% down.

The interest rate will largely depend on what company finances the mortgage on the building and the credit score of the person who is buying it.

Depends entirely on where you live as laws vary greatly.

Local library can help you learn about the process of buying housing in areas

Here we do 25%

20 percent

U NEED A LAYWER FOR THAT,, A REALESATE ONE

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