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Fannie Mae cuts down payment requirement to 5% for multifamily homes
Posted on October 16, 2023 |
Fannie Mae's latest policy shift, effective from November 18, 2023, significantly reduces down payments for owner-occupied 2-, 3-, and 4-unit homes to just 5%.
This adjustment unlocks opportunities for those eyeing multifamily properties, simplifying investment for owner-landlords.
Aspiring homeowners can now access affordable real estate options, while lenders, including Thrive, can offer more budget-friendly terms.
Builders now have compelling reasons to explore multifamily developments.
Real estate professionals expand their market, thanks to the increased accessibility of previously limited properties.