Attention Real Estate Agents Listing Condos! Lenders may now exclude from the single investor concentration calculation Units owned/controlled by non-profits for affordable housing, Units in affordable housing programs, and Units retained by higher education institutions (colleges/universities as an example) for workforce housing. This rule change may open up more financing options for your condo units, so PM me for more information!
Related Article Title: Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-11 – Dated June 5, 2019 – Effective Immediately Written by: Lloyd Rutherford, Staff Writer This update includes some very important condo changes that could expand your business niche, so be sure to read through all of the details. Rule Synopsis: Freddie Mac is [...]