Here is the Fannie Mae guideline that says they allow HELOC and 401K loans to be used for both the down payment and reserves:https://www.fanniemae.com/content/guide/selling/b3/4.3/15.html "Borrowed Funds Secured by an Asset Borrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.

Yes Nghi, Its a niche guideline within Fannie Mae.

https://themortgagereports.com/107690/fannie-mae-introduces-...Lowered down payment requirements for multifamily homesIn a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.

@James Bennett Download the Fannie mae/Freddie mac contract and note from the website and just add a sentence in the payoff section for a 5 year balloon.

Fannie Mae had for awhile a high LTV refinance option.  

Trust me, I'm a Freddie Mac / Fannie Mae multifamily lender...That being said, it entirely depends on how you invest the money that you would alternatively put towards your down payment.

. - Fannie Mae - home prices are expected to rise 3.2% in 2024.Household Formation Will Drive up ‘Sidelined’ DemandWith the supply of new homes, especially the largest cohort - existing homes -remaining low, pent up demand is likely “pent’ing up” on itself.

Fannie Mae has made some significant changes to what constitutes a warrantable and non-warrantable condo since this was posted. 

Fannie Mae Repo How did you finance this deal?

Check out this BP published article on this topichttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Many DSCR Lenders are at the six month market (with some at the 3 month mark with some hurdles like 700 FICO, etc.)The big change was in April of this year when Fannie Mae (Conventional) changed the seasoning requirement for conventional QM loans to a seasoning minimum of 12 months which made conventional pretty infeasible for BRRRR