All Forum Posts by: Guillaume Fortina

@Jeff Burdick  I am thinking of a multi-family property, in the north side (I'm more familiar with those neighborhoods). Probably east of the Chicago River North Branch. 

Hi BP Community!

For (a) a 1st time home buyer, (b) looking for a multi-family property, (c) hoping to get a lower down-payment... what would you say is the best type of mortgage out there?

(I have heard of FHA; regular mortgage with 20% down, regular mortgage with less than 20% down; Home Possible loans by Freddie Mac; HomePath loans by Fanny Mae...)

Hi BP community! 

In Chicago, what would be your top 3 criteria to choose to buy a multi-family house in Chicago?  (for buy & hold)

(for instance, does the 2% rule even work here?)

Do you get the Home Possible loan from a regular mortgage broker? Or do you have to go through Freddie Mac directly?