Also, just to clarify, the 5% down 2-4 unit is only a Fannie Mae option and not Freddie Mac.

This is from Fannie Mae, it says the borrower may request that 6 months payments be placed in escrow.

Fannie mae and freddie mac backed mortgages only allow a borrower to have up to 10 financed properties.

Hello-With the new Fannie Mae 5% down program, we are looking at 4 units in our area.

Starting today- Fannie Mae has updated their down payment requirements for 2-4 Unit properties when you live in one unit.

The loan TYPE is also really important here - a Fannie Mae or Freddie Mac loan would NOT be assumable.  

Need more specifics to give you something accurate that pertains specific to you.Fannie Mae rates are significantly less than the example above.Stephanie 

@Eiger Bern    An owner occupied two unit carries a loan level pricing adjustment of .625 with 20% down.Fannie Mae LLPA matrixIt is important to understand that .625 adjustment leads to about .250% in actually rate difference on originators rate sheet.

Below Grade StandardsAs you can see, both ANSI and Fannie Mae are consistent in their requirement that GLA is entirely above grade.

But starting November 18, 2023, Fannie Mae is rolling out a game-changing 5% down payment option for owner-occupied 2-, 3-, and 4-unit properties.