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Fannie Mae Introduces 5% Down Payment Opportunity for Multi-Family Properties on 11/18/23


Fannie Mae Introduces 5% Down Payment Opportunity for Multi-Family Properties on 11/18/23


Exciting announcement: Fannie Mae introduces 5% down payment opportunity for multi-family homes!

Attention all real estate investors! Get ready for a game-changing opportunity that will revolutionize your path to homeownership. Fannie Mae has just announced a groundbreaking policy shift that will make it easier than ever to invest in multi-family properties. Starting November 18, 2023, Fannie Mae is introducing a 5% down payment option for owner-occupied 2, 3, and 4-unit properties.

This is big news! In the past, the down payment requirement for a multi-family home was a hefty 15%-25% of the property’s sales price. But now, thanks to Fannie Mae’s forward-thinking move, purchasing multi-family homes has become much more affordable and accessible. They are doing this to expand access to credit and provide support for affordable rental housing.

Imagine the possibilities! With this new policy, more individuals can seize the opportunity to invest in income-generating properties. Whether you’re a first-time homebuyer or a borrower looking to offset high mortgage rates, this is your chance to benefit from a conventional loan and use rental income to help pay off your mortgage.

But that’s not all. Fannie Mae has also raised the loan amount cap for these 2-4 unit homes up to a whopping $1,396,800. This means you can now acquire larger and pricier properties with ease. This ensures a smoother path for buyers seeking pre-approvals for multi-family housing.

So, if you’ve been dreaming of becoming a real estate investor, now is the time to take action. Fannie Mae’s new policy opens up a world of opportunities for aspiring investors like you. Don’t miss out on this chance to make your mark in the real estate market. Contact us today to start exploring the possibilities today and turn your dreams into reality.