Tag: exception to down payment

Exceptions to Down Payment for First Time Buyers Purchasing a 2-4 Unit

Question: Is there an exception to the down payment requirement of 15% for a first-time homebuyer purchasing a 2-4 Unit? Answer: Unfortunately, there are no exceptions for this. Whether you use the standard Fannie Mae or Freddie Mac product, or their Home Possible or HomeReady products, the LTV for a 2-unit O/O property is a […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top