Attention 1-4 Unit Owners or Investors. If you currently own a principal residence (or have a current housing expense), and have at least a one-year history of receiving rental income or documented property management experience, then for qualifying purposes on a purchase or refinance, there are NO restrictions on the amount of rental income that can be used. If this sounds like your situation, let’s talk and discuss your options!
Related Article Title: Fannie Mae Selling Guide Announcement SEL–2020-01 – Dated February 5, 2020 Written by: Lloyd Rutherford, Staff Writer Fannie Mae selling guide announcements contain a montage of updates that are important to read through when they are issued. Following is the scoop on their latest guideline changes. Rule Synopsis: Fannie Mae is updating […]