Updated about 2 years ago on . Most recent reply
Looking to do a House Hack - Networking
My wife and I want to do a house hack in Orange County.
We want to possibly leverage the new Fannie/Freddie 5% down loan.
Outside of our W2s, we are current RE investors with investment properties: a 4 unit, a 44 unit, and STRs. We do not own or have not owned a primary residence and are currently renting.
I am also aware of the advantages of ADUs and am open to exploring that as well.
I want to connect with local RE experts to purchase a 2-4 unit MF property in the OC area, specifically Newport Beach, Costa Mesa, Dana Point, or San Clemente.
TIA!
Most Popular Reply
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
- 6,433
- Votes |
- 8,093
- Posts
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Chad Acerboni yeah, to confirm here - you cannot use the "high balance" limits on the 5% down 2-4 unit options at this current time. Also, just to clarify, the 5% down 2-4 unit is only a Fannie Mae option and not Freddie Mac. @Dan H. that might be why your lender told you different than those loan limits.