The maximum Loan To Value for Conforming Home Loans varies whether the home is a Primary Residence, a Second Home, or an Investment Property.
• Primary Residence = 5% down.
• Second Home = 10% down.
• Investment Property = 15% down. It is worth mentioning that the VAST majority of investors will require a 20% down payment despite Fannie only requiring 5%.
Below is a chart from Fannie Mae’s Eligibility Matrix.
Last updated: 4/11/2016