Episode 22

Unlock new possibilities with Fannie Mae's Multifamily Home 5% down payment

Published on: 11th October, 2023

Unlock new possibilities with Fannie Mae's Multifamily Home Financing Update

In a game-changing policy shift, Fannie Mae is ushering in a new era of multifamily homeownership. Starting November 18, 2023, homeownership dreams become more achievable with a reduced 5% down payment requirement, coupled with a minimum FICO score of 580. MKG Enterprises Corp is also offering 5% percent down payment assistance, further expanding your financing choices for multifamily homes.

This policy overhaul extends to standard purchases, no-cash-out refinances, HomeReady, and HomeStyle Renovation loans for owner-occupied transactions. It opens doors for first-time buyers and those seeking respite from burdensome mortgage payments. The financial horizon widens, providing you with flexible options.

Notably, the maximum loan amount for 2-4 unit properties is now set at $1,396,800, giving you the flexibility to invest in larger and more valuable properties. Additionally, the removal of the FHA self-sufficiency test for 3-4 unit properties simplifies the pre-approval process, streamlining your path to multifamily homeownership.


Don't miss the opportunity to explore your multifamily homeownership options. With these changes taking effect after November 18, 2023, prospective buyers have time to prepare and assemble the necessary documents for a seamless application process.


Apply Now 

https://mkgenterprises.my1003app.com/1370676/register


Contact Us (559) 337-5990


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Mortgage Broker Advisors Podcast
Borrower Save Money Using A Broker
Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and MKG Enterprises Corp Mortgage Brokerage NLMS 1370394 is committed to guiding clients through the mortgage process while promoting equal and fair access to homeownership.
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Marshawn Govan

MKG Enterprises Corp Third-Party Originator NLMS 1370394 is a diversified digital finance company focusing on serving low-income and moderate income communities while promoting equal and fair access to homeownership to first-time home buyers and existing homeowners FHA, Conventional, VA, Jumbo loans, Non Qualified Mortgage loans, DSCR.

The company provides mortgage loans, down payment assistance, auto, home, life insurance, secured personal loans and tax refund advances. The goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.