 TITLE: What Credit Score Do I Need to Buy a Multi-Unit Property? CONTENT: Ways to Finance a Multi-Unit Property\n-------------------------------------\nYour down payment and other financing costs will depend on the loan type you qualify for. Here's an overview of financing options for a mult-unit property purchase, and some of the terms to expect:\n*   **Conventional loans**: You may be able to get a conventional loan with as little as 3% down, but you'll pay private mortgage insurance (PMI) if you put down less than 20% of the purchase price. Freddie Mac's Home Possible loan, for purchases of up to four units, may require a down payment as low as 5%.\n*   **FHA loans**: The FHA offers residential loans on multi-unit properties of up to four units through approved lenders. While the required down payment may be as low as 3.5%, you'll have to pay mortgage insurance for the life of the loan.\n*   **VA loans**: If you're a qualifying servicemember, veteran or military spouse, you can use a VA loan to buy a property with up to four units. You won't be required to pay PMI and you may not have to make a down payment. Your lender will determine your closing costs and interest rate. END