New Fannie Mae & Freddie Mac Loan Programs

[Rob Sawyer]

I recently read somewhere (maybe on BP?) about new Fannie Mae (Home Affordable??) & Freddie Mac (Home Possible) loan programs that rival FHA for loan down payments and favorable terms.

Has anyone taken advantage of either of these?

I seem to remember that Fannie Mae was restricted to SFH but that Freddie Mac could be used on 1-4 units.

Sounded quite good but does anyone have any insight/experience in using either of these? If so, please weigh in.

Thanks!