Lowered down payment requirements for multifamily homes
In a significant policy change, Fannie Mae will now accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes.
This new option presents a great opportunity for individuals looking to invest in multifamily homes while also enjoying the benefits of homeownership. Prospective owner-landlords can now afford these properties more easily, thanks to the reduced down payment requirement by Fannie Mae.
To learn more about creating personal wealth, kids college fund, your retirement fund by purchasing multi-family homes, click here to contact me.
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