Fannie Mae – Second Home – Distance Requirement: Does Fannie Mae require a minimum distance between a primary residence and a 2nd home? Mortgage Talking Points™- Second Homes & Rental Income -What You Need to Know

Answer: Fannie Mae does not reference a minimum distance requirement.  These types of requirements are driven by individual lenders and their restrictions/overlays in the absence of specific requirements from one of the agencies.  Many lenders will want it to be in a resort type / vacation type area, but it is not a FNMA requirement [...]