Fannie Mae starting November 18, 2024 has changed the conventional loan down payment requirements from 15% on Duplex, 25% on Triplex and 25% on Fourplex for owner occupied multi-family to only 5% Down Payment, yes you heard right, you will only need 5% down payment after November 18. This Great news for investors looking to buy Multi Family units. Minimum Credit Score of 620 is needed. However, there are loan options available for borrowers with lower credit scores.

If you are ready to buy in South Florida. Call me and let’s get your dream home!

Elizabeth Luques