What is the minimum down payment?

If you are thinking of buying a single-family property, condo or duplex and plan to live there, the minimum down payment requested will be 5% for the first $500,000 and 10% for the difference.

If the property you are buying is a triplex or a quadruplex, the required down payment will then be 10% of the purchase price if you plan to live in the property.

For rental purchases, the required down payment is 20% for the purchase of a single-family property, condo, duplex, triplex and quadruplex

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