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Short-Term Rentals: Fannie, Freddie Restrict Loans for "Condotels"
Episode 1010
Published 5 years, 2 months ago
Description
Buying a condo in some fun-filled tourist destination could disqualify you from an FHA loan. Fannie Mae and Freddie Mac have both announced that certain condo buildings may be disqualified for FHA loans if there are too many short-term rentals in the complex, even if the condo "you" are buying won't be used in that manner. www.NewsForInvestors.com