House hacking is a great way to start investing in real estate by buying a multifamily and staying in one unit while renting the others. And here is some great news! Fannie Mae just released amazingly aggressive new guidelines for primary residences.
Fannie Mae has reduced the down payment requirements on 2-unit properties from a 10% down payment to a 5% downpayment. For 3 & 4-unit properties, the down payment has been reduced from 20% to 5%.
Additionally, these improvements apply to Homeready loans and Homestyle Renovation loans.
Please look at the chart and call or email me with any questions or loan scenarios.
If you want more information on these great opportunities, reach out for a personal consultation.