Some exciting updates just hit the mortgage world! Freddie Mac(Conventional Loans) is now allowing up to 95% LTV on 2–4 unit primary homes starting Sept 29th. Fannie Mae had already adapted this change in 2023. This means your buyers can get into a multi-unit with just 5% down!
Here’s the scoop:
- 2-unit homes: LTV boosted from 85% to 95%
- 3- and 4-unit homes: LTV now also 95%, up from 80%
- For primary residence purchases/refis only
- No change for investment/2nd homes
- Lower upfront cash = easier path to wealth!
This opens doors for house hackers, first-time buyers, and anyone looking to live in one unit and rent the others. More folks can now qualify, especially younger buyers struggling with affordability.
Click here to get Pre-Approved now
Sal Trapani
Mortgage Banker & Owner
MJ Mortgage LLC
281-608-2846 | sal@mjmortgagellc.com
33130 Magnolia Circle
Magnolia, TX 77354
www.mjmortgagellc.com
NMLS 1055510 | NMLS 2381195
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