Multi Family Home Buyers Good News
Fannie Mae is now allowing home buyers to purchase a multifamily
home with only a 5 % Down payment!
This is great news since previously you had to put 15- 25 %
down. For Example to purchase a multi family home for $500,000 at 5% Down, you would need a $25,000 down payment instead
of $100,000.
This loan program could help many families Own a Home by either
buying the home with other family members or friends and sharing costs or collecting
rental income.
Other loan Requirements:
Down Payment for the Home can be a Gift.
Do Not have to be a first-time home buyer
Credit score of 620 +
You must live in the home, Must be owner occupied
2-4 family units
For a list of multifamily homes for sale in Fall River or
New Bedford, MA visit
https://www.safeharborrealty.net/property-alerts
Karen Martin Realtor
774-930-8181 Call for more info
Safe Harbor Realty 1037 Main Rd. Suite C Westport, MA 02790
Helping Home Buyers in MA & RI since 2003