Do you know if the loan is backed by either Fannie Mae or Freddie Mac?

As we all know, Fannie Mae has come out with their 5% down, owner occupied loan for multifamily (2-4) properties.

As in you apply for cash out refinance and they have Fannie Mae requirements checklist. 

The “due on sale” clause, as its commonly referred to, is 2 paragraphs that are usually located in Fannie Mae and Freddie Mac “notes” (which is the specific form/instrument that outlines the terms of your mortgage).

@Marcus Auerbach and Jason , I found this data to be very useful and intriguing.I checked the spread between Income, Fannie Mae Loan Limit and , ZHI Median.Area income: Fannie Mae 1 Unit Dwelling Confirming Loan Limit: ratio$158k->$1,150,000:7.27x (my zip code in CA)$100k->$766,550:7.66 ( zip code 53209 in Milwaukee)so these are expected but lets deep dive:ZHI ratiozip codeArea income:ZHI Median: ratio ZHI to income,current spread ofCAzip:$158k:$791k: ratio: 5.0x : 0.68% !

After over a decade in asset management where I currently oversee a portfolio of more than 45,000 apartment units nationwide for a large Fannie Mae/Freddie Mac lender, I am finally ready to get into my first small multifamily buy and hold investment.

If I house hack, budget expands due to financing upsides with an fha or new 5% option with Fannie Mae.

If You are buying as an investment you should only be putting 15% down and as a primary 3.5% for FHA or 5% for Fannie Mae.

I'm exclusively using the Fannie mae Healthy Housing rewards now to remodel any affordable housing as removing lead and asbestos is a big profit center now.

I can tell you that Freddie Mac and Fannie Mae can require bldgs to be in "single asset entities" ....