Rental Income Offset: Can a borrower who is renting the home he is leaving use the new lease to offset the income at 75%?

Answer: Both Fannie Mae and Freddie Mac changed their equity requirements for properties converted from primary residences or second homes to investment properties. The new guidelines do not require equity, and they also both allow the offset of the mortgage with a lease agreement at 75% value. Borrower not selling their present residence and wants […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top