5% Down Multifamily Conventional Loan Hack

5% Down Multifamily Conventional Loan Hack

5% Down Multifamily Conventional Loan Hack Written by  Key Points In November 2023, Fannie Mae updated its down payment requirements when buying an owner-occupied 2-4 unit property. The minimum down payment is now only 5% when purchasing a duplex, triplex, or...
USDA Loans

USDA Loans

USDA Loans Written by Rob Breiner  The U.S. Department of Agriculture (USDA) offers a unique mortgage program designed to promote homeownership in rural and suburban communities. USDA loans are backed by the government and are available to eligible individuals and...
Family Opportunity Mortgage

Family Opportunity Mortgage

Family Opportunity Mortgage Written by Rob Breiner  Purchase a home for a qualifying family member with as little as 3% down using the Family Opportunity Mortgage. This mostly unknown loan program is designed to help elderly parents and disabled adult children, who...
No Income Home Loans

No Income Home Loans

No Income Home Loans Written by Rob Breiner  Today we discussed 2 different home loan options that don’t require any personal proof of income or employment. The DSCR home loan for investors, and the Community Mortgage for occupant owners (primary or vacation...
How To Have 2 VA Loans

How To Have 2 VA Loans

How To Have 2 VA Loans Written by Rob Breiner  Early in 2023, the Federal Housing Finance Authority (FHFA) announced some changes to what are called loan level price adjustments (LLPAs). This made conventional loans more expensive and at the same time FHA loans were...