HUGE NEWS!!! 5% down with Fannie Mae 2 to 4 units, owner occupied!!

[Kenny Simpson]

Starting November 18, 2023. Huge NEWS!! 5% down on 2 to 4 units with Fannie Mae. NO SELF SUFFICIENCY TEST! You can now use rental income from other units unlike FHA.

49% DTI if you qualify, Mortgage insurance YES, 1 year tax return for self employed more than 5 years, use other rents to help qualify, MAX loan amount ( your county Fannie Mae loan limits), owner occupied only.

More information to come soon!  Great for house hackers :)