Tuesday, September 22nd, 2026 at 7:40pm
Rental Income from Current Home – Vacating for a new Home
If you're a current homeowner intending to rent your current home and purchase a new primary residence, it's helpful to understand what's necessary for us to consider rental income in qualifying you. Utilizing rental income will require we document you have money in reserve, to account for the need to maintain and repair real estate, as well as prepare for possible vacancies. Conventional financing Fannie Mae along with Freddie Mac make the rules for conforming conventional loans, and these types of loans make up the majority of loans made nationally. Jumbo loans typically follow Fannie Mae's guidelines, but may be...
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