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Michael Bridgett
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57
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5-10% down loans for owner occupied 4 unit? (Non-fha)

Michael Bridgett
Posted

Is anybody doing owner occupied, small multi loans for as little as 10% down? -non fha, I already have one

To narrow it down even further…it’s three buildings on one parcel. 1M purchase price.

If anybody has any suggestions, it would be greatly appreciated!

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Eric Veronica
  • Lender
  • Cleveland, OH
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587
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Eric Veronica
  • Lender
  • Cleveland, OH
Replied

@Chris Mason It would be really nice if Freddie Mac would go back to their old rules where there was no income limit for homes located in low/mod census tracts.  That really opened up the program for all the "househackers" out there. 

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