Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Fannie mae guidelines duplex
I am working on closing a deal for a duplex to house hack. One side to be my primary residence. I got a call from bank mortgage company and they are telling me that the max loan they can give us 85% value. So I would be responsible for 15% down. The property is 269k under contract. It was to my understanding if one side of the duplex was my primary residence then it would qualify for conventional loan? Can anyone validate this or provide additional resources?
Thank you,
Jake