+2 votes
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1 Answer

+1 vote
answered by (21.5k points)

It is necessary when trying to obtain a 4-unit apartment building. Typically a down payment of 25% or greater will be necessary. A no-doc loan without a down payment is unheard of. You need to have some skin in the game for any lender to feel comfortable giving you the loan. You may want to try a private or hard money lender. This time we do not offer 100% financing no document loan.