Freddie Mac – Multi-Unit – Home Possible: Is a “notice to vacate” letter required when a borrower is purchasing a 2-unit Home Possible home, and both units are rented month-to-month?

Answer: Even though the borrower is required to occupy one of the units in order to qualify for the Home Possible program, this is not a Freddie or a Fannie rule. However, a lender may ask for something like this if they suspect that your borrower is not really going to occupy either unit and […]

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