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I am jeff hess, the owner of blue stripe mortgage
mortgage mailbag for you today alright great question came in
over this last week actually a scenario that somebody wanna run by me
but it just it to frequently asked questions I want to talk about it
I've have someone who is purchasing it a home it's actually the first down
and what they're trying to decide is whether they want to buy a single-family
home or condominium
or possibly a two-family home now this person thought since they were going up
there person is to family home in there we need 20 percent down 25 percent down
well when I told them was there's actually a program available
that allows them the peninsula was three and a half percent down
instilled by that two-family home as long as they plan on moving into it
as an owner occupied residence this turned out to be the perfect solution
for them
there are ready renting from someone so they're used to living in a building
where their
other people in that building but now instead of paying someone rent
their the landlord and they're collecting rent from the other person
that's living on the other side at home
so perfect solution for someone today might be an
owner-occupied to family home in some people even look at
three family homes and again they can look at the same
three and a half percent down if they qualify for this program
and it can be a great fit for someone who wants to now turn from the attendant
to becoming a landlord so again my name is Jeff Hess
he owner of blue stripe mortgage and I hope you find this information helpful
today
please check out my website blue stripe mortgage dot com
Jeff Hess, owner of blue stripe mortgage