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Fannie Mae - 5% Down Payment Option for Multifamily

The new rule goes into effect after Nov 18th but has limitations.

Author

Alex Z.
November 06, 2023

đź“° News & Trends

  • Fannie Mae Introduces 5% Down Payment Option for Multifamily Homes (Mortgage Report)

  • According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,722 in September, 2023.  Yardi says the market remains robust overall thanks to strong job growth & household formation, despite challenges that include rising energy costs and higher interest rates.

  • Where Should Investors Be Scared of Falling Property Prices and Rents? (RE Tipster)

  • The Federal Reserve impacts your money in these 6 main ways (Bank Rate)

♟️ Strategies & Tactics

👆️ Carrot has a new feature called Niche Authority Builder that does 80% of these steps automatically

🤔 Interesting Links

  • America’s 9 Best Cities for Retirees Are Affordable (Realtor.com)

    1. Bermuda Run NC

    2. Sun City AZ

    3. Sun City Center FL

    4. Green Valley FL

    5. Manchester NJ

    6. King City OR

    7. South Pasadena FL

    8. Laguna Woods CA

    9. The Villages FL

  • The 50 Best Places To Buy A Home Under $250k (Go Banking Rates)

    1. Cedar Rapids Iowa

    2. Fort Wayne Indiana

    3. Joliet Illinois

    4. Greenbay Wisconsin

    5. Lynchburg Virginia