Fannie Mae Slashes Minimum Down Payment On Owner-Occupied Multiunit Properties To 5%
After a year of being beseeched with bad news, real estate investors got a ray of sunshine from Fannie Mae. The government-backed lender recently announced it will reduce the minimum down payment on owner-occupied multiunit properties. That amounts to a major reduction from the previous minimum of between 15% and 25%. Benzinga looks at the new rules, and how they could benefit real estate investors. Huge Potential Benefit For Real Estate Investors This move has the potential to radically expand
Source: yahoo.com