Second Home & Investment Properties Eligibility
Fannie and Freddie are implementing changes to Second Home and Investment properties to manage to the 7% limit, as announced by the Treasury/FHFB in January.
Based on these changes, all Second Home/Investment will now have a 50 bps LLPA effective with today's pricing.
The industry is in the process of reacting and adjusting to these changes, so this is a fluid and evolving situation.
You can read the full lender letter here: https://singlefamily.fanniemae.com/media/25286/display.
Second Home & Investment Properties Eligibility | Client Announcement 2021-03-15
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