Fannie Mae`s terms and conditions apply to the specified occupancy status. Lenders should always remain vigilant about mitigating risks during the construction or renovation process. The more flexible requirements that now allow for further supporting ...
Fannie Mae imposes a variety of occupancy requirements for property owners in an effort to guide properties into the hands of families and residents as opposed to investors. Depending upon the type of property in question, occupancy rules may vary significantly. Single-Family Residences A person buy...