Fannie Mae cuts down payment requirement to 5% for multifamily homes

Posted on October 16, 2023   |  

Fannie Mae's latest policy shift, effective from November 18, 2023, significantly reduces down payments for owner-occupied 2-, 3-, and 4-unit homes to just 5%.

This adjustment unlocks opportunities for those eyeing multifamily properties, simplifying investment for owner-landlords.

Aspiring homeowners can now access affordable real estate options, while lenders, including Thrive, can offer more budget-friendly terms.

Builders now have compelling reasons to explore multifamily developments.

Real estate professionals expand their market, thanks to the increased accessibility of previously limited properties.