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FANNIE MAE 5% Down Payment ON 2 TO 4 UNIT
Breaking News from Fannie Mae and Freddie Mac. Effective immediately homebuyers can purchase 2 to 4 unit multi family homes with 5% down payment. Before today’s Breaking News owner occupant primary multiunit homebuyers needed 15% down payment. Private mortgage insurance is required and we don’t yet know what the PMI factor is as of today. Just wanted to share this Breaking News with our forum viewers .
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This discussion was modified 1 year, 1 month ago by
Sapna.
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This discussion was modified 1 year, 1 month ago by
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1 Reply
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This is great news, Max. Is there self-sufficiency test like FHA loans for two to four unit multi family housing?