2-4 Units LTV reach 95 percent

Help is on the way for 2-4 Unit buyers!

2-4 Units LTV reach 95 percent!  Owner occupied 2-4 Unit residences have been stuck at lower LTV’s (loan to value) for as long as I can remember. That is changing as of November 18th of 2023. At that time, Fannie Mae will accept loans for primary residence 2-4 unit properties at an LTV of 95%! Strictly investment properties will not be eligible for this change.  This is a great opportunity to own a home and and collect rents on the other units.  Recently, most lenders, in guessing what the new conforming loan limits will be, raised the maximum up to $960,300 for 2 units, $1,160,750  for 3 units and $1,442,600 for 4 units!  As soon as November 18th rolls around, you can use those for the new 95% LTV when you purchase a 2-4 unit property and you live in at least one of the units.  This may be the best way to afford your new home in the sense that the other units can pay some of, if not all of your mortgage!  Help is on the way for 2-4 Unit buyers!  Give Michael E. Mitchell a call at 530-406-2200, 707-259-1117 or cell at 707-337-5970 and find out how this new information can help you!