The eligible property types are:
• 1 to 2-unit properties
• Fannie Mae/Freddie Mac-warrantable condominiums
• Planned Unit Developments (PUD)
• Manufactured homes (double-wide only)
Max loan to value ratio for Second homes is 90%.
Max loan to value ratio for Investment property is 85%.
If you are looking to acquire an investment property this is a great program for it!
That’s it for today!
Have a good day today! …and thanks for reading.