For a Freddie Mac Loan, the Borrower must currently own a Primary Residence to use rental income to qualify when purchasing a new rental property in the current calendar year.

Related Article Title: Fannie/Freddie – Using Rental Income on Exiting Property Question: If a client wants to rent out the property they are currently living in and needs to use that income in order to qualify for their new primary residence, how is this done? Answer: When converting a current primary residence to a rental […]

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