fannie mae guidelines on rent or lease with option to purchase: Rent Or Lease With Option To Purchase .......... Lending Restrictions Fannie Mae - 04/10/12 11:29 AM

Yesterday I began this Rent Or Lease With Option To Purchase series, with a brief introduction.  Today I will provide the Fannie Mae Guidelines on the allowable amount a Landlord can contribution towards the downpayment. 
Fannie Mae Guideline 303.13 Rent Credit For Option To Purchase:  States that a rent credit for an option to purchase is an acceptable source of funds toward the minimal required Borrower downpayment.  This amount can be for the full amount of the minimum required Borrower downpayment, the Borrower does not have to use any of their own funds in order to be able to use rental … (1 comments)

 
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George Souto

Your Connecticut Mortgage Expert

Middletown, CT

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George Souto NMLS #65149 FHA, CHFA, VA Mortgages

Address: One Liberty Sq., PO Box 1000, New Britain, Ct, 06050

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