Freddie Mac Multifamily's nationwide Small Balance Loan program has funded over $ 9.7 billion in small
multifamily loans so far.
Not exact matches
I need 4k to pay down my credit cards and dti down
so I can get a $ 10 -15 k
loan so I can fix the apartments in my
multifamily house
so I can rent them out.
The deal has less than 4 %
multifamily loans,
so Freddie Mac isn't a potential buyer.
@Christopher Haynes
So you can't quality for a commercial
multifamily loan but you think you'll qualify for a SFR portfolio
loan?
I was thinking of getting my sister to buy a
multifamily unit using a conventional 5 % down
loan and use me as a cosigner
so she can qualify for more (I already used up my first - time - home - buyer - owner - occupied - 5 % down conventional
loan).
Right now I'm in the middle of buying my first
multifamily property with an FHA
loan - I won't be making a huge profit on it but the rent I collect will cover my mortgage + a little extra and I can live for free
so the money I would have spent on rent I can now save towards the next property.