Go Back To Search Results Question Can you obtain fixed rate loans for multifamily apartment complex purchases over 4 units? I heard that once you go over 4 units, the loan is considered a commercial loan and banks require adjustable rate mortgages and possibly more money down. Any input appreciated. By John B Posted on 10/14/07 Total Answers 2 Answers- Typically 5 units + requires 10-15% down. If you occupy one of the units, you can still find 97% LTV. Arms are more popular in commercial loans because of the cost, but you can find fixed rates with 30 or 40 yr amortization. Answer by : unisberkensap On Date 2007-10-14 11:39:44 Hi, Yes you can. It's true that four or more units are considered commercial, but fixed rate loans are available through most lenders. I have three commercial loans through Bank of America that are fixed rates. You may want to try them. They've treated me very well over the years. Answer by : skiingstowe On Date 2007-10-14 12:35:40   Go Back To Search Results