So as of November Fannie Mae is going to allow 5% down on 2-4 unit properties 🙌💯 https://singlefamily.fanniemae.com/media/36841/display?

5% down on 2 to 4 units with Fannie Mae.  

Likewise, there was a 5% down option with Fannie Mae’s HomeReady product when purchasing a duplex.

So now I'm only qualifying for commercial type lending when I still can get more Fannie Mae loans (lesson learned) Transferring the title from my LLC to my own name will take about 6 months to season before I can do a cash out refi.

Banks like to see the properties generating 1.2-1.4 I was speaking specifically to traditional mortgages that would be backed by Fannie Mae or Freddy Mac.

For its part, mortgage buyer Fannie Mae now expects mortgage rates to be 6.4% in Q1 2024 and 6.2% in Q2, down from 7% and 6.8% respectively when it released projections 2 months ago.Additionally, the spread for mortgage rates above the 10-yr Treasury bond remains historically high and likely will continue to do so until the bond market feels better about inflation (more on the latter, below).

You can also google the Fannie Mae lending requirements online and look them up yourself. 

Something that works as a Fannie Mae second home, but also has decent numbers as an STR most of the year.Looks like the land isn't that expensive, most of the risks would be in getting power/water/sewer/septic.

use it correctly, itd good you have money saved up, build some credit and you can use the new fannie mae option with 5% down to househack a multifamily property!

Your lender has to sell the loan to Fannie Mae, not Freddie Mac.