Freddie Mac is increasing maximum LTVs to 95% on 2–4 unit primary residences, allowing St. Louis buyers to purchase duplexes and triplexes with just 5% down.
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Freddie Mac
Freddie Mac’s Second Mortgage Pilot: Limited Impact on St. Louis Homeowners
Is Freddie Mac’s new second mortgage pilot program a game-changer for St. Louis homeowners?
Not likely. While it’s a step in the right direction for potential home equity access, the program’s limitations and the current market conditions suggest a minimal impact for most homeowners.
What Does the Freddie Mac Second Mortgage Pilot Mean for St. Louis?
The Federal Housing Financ…