28 Nov Only 5% Down for a Multifamily Property?
Fannie Mae's recent policy overhaul significantly slashes down payment requirements for multifamily homes, dropping them from the previous 15-25% range to just 5%, effective after November 18, 2023. This broadened policy encompasses various loan types, enabling larger loans up to $1,396,800 for these properties. This aims to make owning multifamily properties more accessible, especially for first-time buyers or those looking...