Fannie Mae/ Conventional loans to allow 2-4 units with 5% down 👀

[Justin Brown]

So as of November Fannie Mae is going to allow 5% down on 2-4 unit properties 🙌💯

https://singlefamily.fanniemae.com/media/36841/display?fbclid=IwAR0MoXuGvj6f--gLUcQP2BR61hcK-upNQZidPmVrOxyZoL49qSLvM-yZ244

[Tony Acree]

Quote from @Christian Ehlers:

How does everyone see this new guideline affecting their markets? Seems it would help make more house-hack deals workout for buyers, meanwhile increasing demand for these assets even higher than it already is...

I think this is great for the people who are willing to house hack a small multi to start building wealth.

It's just too bad there's very little inventory of small multifamily in my area for this to matter much.