Fannie Mae Changes Down Payment Requirement for Multifamily Real Estate

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On this podcast episode, Ryan Lee of @PlanetCheapskate and I are discussing how Fannie Mae changed the down payment requirement for multifamily real estate, and also why DSCR loans are great in this market. Check it out!

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#fanniemae #downpayment #jamelgibbs #planetcheapskate #multiunit #mortgagerates
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Also, share and leave a comment below.

jamelgibbs
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Have Ryan back. I have family and friends that needs this. Appreciate you both!!

santinaabrams
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The question is can you have another home and use this program like you can with FHA ? For instance first time buyer with FHA as long as you move 100 miles or more away from the first home you are considered a first-time homebuyer. Can you keep the other home ?

Triplenet_Agent
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Nice point...never let people move in till closing.

WorldwideIslander
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How true is it that you also need to have six months of mortgage payments reserved at the time of closing?

OmairaMejiaOmaira
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Can you please give me information on the down payment loan for 1st time home buyers! Please and thank you!

michellerigsby
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Can you build a multi-family with this program?

shybunnie
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Yes first time home buyer down-payment information

j.reneymercier
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Absolutely, I’d like more information about the 1st time buyer’s programs that are available now..I’m also in Maryland

alvatinawarner
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WHERE ARE THE LIKES, THIS VIDEO NEED MORE LIKES FAMILY.

andremckenzie
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Can you use down payment assistance for any of the 5% down??

NestorRodriguez-dk
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This is so good to hear from Ryan Lee. I would be a start-up investor in Multi-family units. But I keep thinking I need loads of money to start investing🤷. So thanks guys!👍👍👍

dianechapman
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Yes Jamil and Ryan i would like to know more

sharlinehill
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I really enjoyed your podcast episode! I appreciate Ryan's advice about using a mortgage broker to find the best deals and avoid extra costs. Keep up the awesome work!

DanKohan
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is there pmi for this 5% conforming loan?

BYEBILLS
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Is possible to qualify? I already have 2 houses and planning to buy a quadruplex units .

luzdobens
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Is it possible to use this loan to build 2-4 unit new construction with this loan? I've looked around and I don't see anyone specify that you can or cannot build new construction with this loan.

jeremiahstubbs
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I would love to know more about Down Payment assistance

nicoleshort
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New costruction 4 plex/8 plex units available for Pre-sale. 10k deposit, 740 FICO-100K+ income, and 100% financing.

bryantgambrell
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Do you have to live in the state, and do you have to live in that property for 2years

darrellbush