Tag Archives: down payment
Fannie Mae’s 5% Down Payment for Multi-Family Homes
Sometimes, really big news doesn’t sound very exciting. This is one of those times. Fannie Mae (more about them in a minute) has lowered their required down payment(https://crosscountrymortgage.com/resources/down-payment> for owner-occupied, multi-family (2-4 unit) properties from 15%-25% to 5%. This means you can buy a property with 5% down, live in one unit, and rent out the other 1-3 units.
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Can You Buy a House with No Money Down?
If you’re in the process of buying a home, one of the more challenging aspects can be saving for a down payment. When you’ve found your dream property, you want to do everything you can to expedite the process and become a homeowner. Once you calculate the down payment, it may not end up being a feasible option.
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What Is the Average Down Payment on a House?
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