Buy A 4, 3, or 2-Unit Multi Family For 5% Down!

Fannie Mae New Guidelines for Multi-Unit Purchases Start November 18th

I'm excited to share the fantastic news that could transform your thoughts on homeownership and real estate investing. Starting after November 18, 2023, Fannie Mae is introducing a groundbreaking change: they will now accept a mere 5% down payment for 2-, 3-, and 4-unit homes you plan to live in!

Acquiring a multifamily home required a substantial 15-25% down payment for years. However, with Fannie Mae's new guidelines, purchasing such properties just became more accessible than ever before. Consider this: previously, buying a $500,000 triplex meant putting down $125,000. Now? Just $25,000! That's a significant $100,000 difference!

Buying a multifamily property isn't just about having multiple units. It's a strategic move. You can live in one unit and rent out the others, generating rental income. This can offset your mortgage payments and even provide a passive income stream. Plus, it's an excellent opportunity for budding landlords to gain experience.

If you would like to learn more or would like to chat about your scenario, please book an appointment with me:

https://calendly.com/mike-mularczyk

Start an application! -

https://www.blink.mortgage/app/signup/p/dovetailmortgagellc/michaelmularczyk