Freddie Mac will now allow a 95% LTV [Loan to Value] for 2-4 Unit properties on their HomePossible® program. Previously they required an 85% LTV, so this is a BIG change! If you are considering purchasing a multi-unit property to live in and renting out the other units, let’s discuss your plan. This program change may be what you needed to move forward!
Related Article Title: Freddie Mac Selling Guide Updates- Bulletin 2021-29- Dated September 1, 2021- Effective November 15, 2021 & December 1, 2021 Written by: Sue Villanova, Staff Writer Freddie Mac bulletins are a great way to stay up to date on guideline changes. Be sure to read through these latest changes to become familiar with […]