Freddie Mac - "Home Possible" Program

[Samuel S.]

Hey BP folks,

So I am just trying to figure out if there's a legitimate way to buy a non owner occupied, investment property with a low down payment, that will bank financed. 

I recently found out about Fannie Mae's "Home Path" program (where qualified, non owner occupied investment properties could be bought for 10% or less down), but have read that this program had been discontinued a few years back..

The other day I came across a similar program offered thru Freddie Mac called "Home Possible", but I have not been able to find any info regarding the requirements for investment property down payments.  

If anyone has any insight on this program it would be greatly appreciated!! 

[Harjeet Bhatti]

Home possible is for owner occupied only. You can purchase 1-4 units with 5% down payment.  100% of area median income limit.