vacation homes: FHFA Suspends Restrictions on 2nd home and Investment Properties
- 09/16/21 01:05 PM
MORE GOOD NEWS FOR OUR BUYERS On January 14, 2021, the Federal Housing Finance Agency (i.e., Fannie and Freddie’s regulator) announced several new restrictions on loans that could be purchased by Fannie and Freddie. These restrictions severely limited the GSE’s purchases of 2nd home and investment property loans causing SIGNIFICANT rate increases especially on 2nd (vacation) homes. September 15, 2021 FHFA announced that they were removing these restrictions effective immediately. So we are back to pre pandemic guidelines for both vacation and investment properties. This comes just 2 months after the removal of the Adverse Market charge for refinances in July which leads … (2 comments)
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