Exciting News for Aspiring Investors!

by Sharie Jackson

Big news for anyone dreaming of real estate investment! 🌟 Fannie Mae just changed the game by introducing a groundbreaking 5% down payment option for multi-family homes! 🏠💰 Starting November 18, 2023, your path to homeownership has never been more accessible.

🔑 Key Points:

🌟 Affordability Revolution: Say goodbye to hefty down payments! Fannie Mae's new policy means you can now own 2-, 3-, or 4-unit properties with just a 5% down payment.

🏡 More Accessible Investments: Fannie Mae's forward-thinking move opens the doors for more individuals to invest in income-generating properties.

💼 Flexible Financing: This policy shift applies to various loan types, including conventional loans, HomeReady, and HomeStyle Renovation loans for owner-occupied properties.

💸 Offset Mortgage Costs: First-time homebuyers and those combating high mortgage rates can now leverage rental income to ease their financial burden.

📈 Higher Cap, Easier Access: With a loan amount cap of $1,396,800 for 2-4 unit homes, acquiring larger and pricier properties just got a whole lot easier.

🛣️ Smooth Approval Process: The removal of the FHA self-sufficiency test streamlines the path for buyers seeking pre-approvals for 3-4 unit properties.

🚀 Take Action Now!

Ready to dive into the future of real estate investment? 🌐 Click the link below to explore Illinois multifamily properties and start planning your journey to multi-family homeownership! 🏡

Search for an investment property (2-4 Units)

🤝 Connect with Our Loan Team

Questions or need guidance? Our dedicated loan team is here to help you understand the process and make your multi-family homeownership dream a reality. 💬 Contact us today to see if you're eligible for this incredible opportunity!

🌐 #RealEstateInvesting #HomeownershipDreams #FannieMaeOpportunity #MultiFamilyHomes #InvestWithConfidence