An excellent 3%-Off Rental Property Financing? The way you use Fannie & Freddie Financing for Paying
A few years back, Fannie mae as well as cousin lender Freddie Mac computer introduced mortgage applications called HomeReady and you may House Possible, correspondingly. Its goal? So you’re able to contend with the 3.5% off FHA loan program which help reasonable- in order to modest-money borrowers purchase a property with very little bucks.
But investors who don’t brain located in the house or property having a year will enjoy step three-5% down mortgage apps from Fannie, Freddie, plus the FHA.
Secret Takeaways:
- Traders can acquire solitary-household members property that have step 3% down and two-to-four-unit land having 5% off, however, need certainly to reside in the house for around one year. ادامه مطلب
