Fannie and Freddie just adjusted the LTV requirements for 2-4 unit primary residences, effective after Nov. 18th.
2 unit was 15% down now only 5%.
3-4 unit was 25% down now only 5%.
This could be particularly useful for anyone looking at purchasing a home while their children go to school. Your child would have to be on the loan for it to be considered a primary and not an investment.
2 unit was 15% down now only 5%.
3-4 unit was 25% down now only 5%.
This could be particularly useful for anyone looking at purchasing a home while their children go to school. Your child would have to be on the loan for it to be considered a primary and not an investment.