Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply
- Real Estate Broker
- Greater Charlotte NC and Charleston, SC areas
- 58
- Votes |
- 105
- Posts
NEW LOAN OPTIONS for Multi Family Investments with as little as 5% down!
Check out the link, below, for more information: https://www.instagram.com/reel/C2i3tyZuXFP/?utm_source=ig_we...
- Kristen Haynes
Most Popular Reply
https://themortgagereports.com/107690/fannie-mae-introduces-...
Lowered down payment requirements for multifamily homes
In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes.
This new option presents a great opportunity for individuals looking to invest in multifamily homes while also enjoying the benefits of homeownership. Prospective owner-landlords can now afford these properties more easily, thanks to the reduced down payment requirement by Fannie Mae.