5% down on a 2- 4 unit property

You can now put down 5% when buying a 3-4 unit with a conventional loan not FHA.

The guideline recently changed from 20% down to 5% down. If you already have an FHA loan or the property cannot qualify for an FHA loan or if the seller is not willing to accept an FHA loan this is another option with low money down.
#580creditscore #creditscore #gift #PMI #privatemortgageinsurance #UFMIP

This new program will open up more doors when wanting to buy a multi unit.

#580creditscore #creditscore #gift #PMI #privatemortgageinsurance #UFMIP