Big news from Fannie Mae for 2-4 unit properties for Conventional Loans!

[Tyler Hodgson]

House-hackers and agents rejoice!

Starting Nov 18th buyers can purchase a 2-4 unit primary home with just 5% down on a Conventional loan (Fannie Mae) 

For context: 2 units used to require 15% down (some exceptions), and 3-4 units required 25% down.

Home buyers will be able to generate rental income with minimal out

of pocket as long as you occupy one of the units. 

FHA has been the go-to for low down payments on 2-4 unit properties, but there are definitely some big benefits to being able to do this using a Conventional Loan.

[Marc Rice]

This is huge for agents and 2-4 unit rental property owners!