Qualifying For Multi Family +5 Loans
I have a question re Freddie Mac and Fennie Mae Loans - Multi Family. or any other Conforming loans.
I just had a chat to a mortgage broker who advised me that to Qualify for these loans the buyer must have minim equity equal or more to the loan amount. That is part of the loan that conforms to GSE (Fannie Mae and Freddie Mac) guidelines.
My challenge is that at this stage, most of my equity is out of the US.
My question is how do you guys go around this?
Much appreciated any feedback on this.