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Updated over 1 year ago on . Most recent reply
- Real Estate Broker
- Greater Charlotte NC and Charleston, SC areas
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NEW LOAN OPTIONS for Multi Family Investments with as little as 5% down!
Check out the link, below, for more information: https://www.instagram.com/reel/C2i3tyZuXFP/?utm_source=ig_we...
- Kristen Haynes
Most Popular Reply
https://themortgagereports.com/107690/fannie-mae-introduces-...
Lowered down payment requirements for multifamily homes
In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes.
This new option presents a great opportunity for individuals looking to invest in multifamily homes while also enjoying the benefits of homeownership. Prospective owner-landlords can now afford these properties more easily, thanks to the reduced down payment requirement by Fannie Mae.