What if you could combine the benefits of homeownership with creating monthly cash flow and building wealth? Sounds too good to be true, doesn’t it?
This can be your client’s reality with a multi-unit building, or 2-4 unit property — a very attractive option for both becoming a homeowner and creating monthly cash flow. Until last week, the financing options available for multi-unit buildings were unattractive — with limited options for borrowers looking to put less than 20-25% down. But now, Key Mortgage is making it easier!
Maximum financing is now 5% down vs 20%
Loan amounts up to $1,396,800 for a 4-unit property
No income restrictions
Does not have to be a first-time homebuyer or have previous landlord experience
No self sufficient test like FHA — this means that more properties are eligible!
While this all sounds great, owning a multi-unit property may not be for everyone. That is why our Key Mortgage loan officers will partner with you to provide the financial framework around what is possible while allowing you to counsel the client on what type of property best fits their lifestyle as well as their short and long term goals.
Working as a team provides a holistic homebuying experience that will demonstrate YOUR value to your client (which we know has never been more important).
Want to learn more about how this could help you cultivate more clients? Have someone who didn’t have the means to buy before, but now can? Contact one of our loan officers today!