Good morning…
Quick question—can you do 5% down with Freddie Mac for a 4-unit property? I’m getting mixed info and was hoping someone here might know or has done it before!
Your help will be appreciated…
Good morning…
Quick question—can you do 5% down with Freddie Mac for a 4-unit property? I’m getting mixed info and was hoping someone here might know or has done it before!
Your help will be appreciated…
Reduced down payments are possible for multi-unit properties under Freddie Mac’s Home Possible program. For people or families wishing to purchase a multi-unit property, like a duplex, triplex, or fourplex, this can be an excellent choice.
A 5% down payment is required.
Must be an owner-occupied property with 2-4 units.
To qualify, there are income restrictions. Generally speaking, good credit is needed.
The easiest method to find out if you qualify and receive a customized quotation is to speak with a mortgage lender or loan officer.