New guidelines for owner occupying multi units

[Jacob Cogswell]

I was just talking to my lender, and there was a big change with the amount that you can put down with a Fannie or Freddie loan. It use to be 5%, but you have to use 15% down going with a conventional loan. This includes a mother in law apartments. This changes the numbers massively for first time investors. You can still use a FHA loan for the first time investor with 3.5% down. Just make sure you check the loan maxes for the county you live, or invest in.