[ad_1] On this article In November 2023, Fannie Mae applied a game-changing decreased down fee requirement of simply 5% for two-to-four-unit properties for standard loans. This presents a golden alternative for home hackers trying to buy or refi a two-to-four-unit property. Nonetheless, few sources have damaged down what this implies for traders. Right here, I’ll have a look at this new product, examine it to options, and talk about what this implies for actual property traders. First, we’ll stroll by means of eligibility, then examine this mortgage to its FHA different and summarize the affect for traders trying to buy or refinance. Eligibility Fannie Mae laid…
