Changes To Fannie Mae Guidelines
Real estate will be a top choice to invest in this year which is great news for investors. There are changes, though, that your investor clients need to know before they go to get a loan. Fannie Mae no longer allows buyers to qualify using the proposed rental income on non-owner-occupied purchases unless they have a minimum of one year as a landlord. The same is true for FHA, VA, and Jumbo loans. This means that a non-QM solution such as our Investor Cash Flow product will be crucial for some property investors to start to build their portfolios. We allow proposed rent with NO landlord experience!
Don’t lose a sale and have your buyer miss out on a great property!
Call us first about our Investor Cash Flow product that can get your client to the closing table quickly.
- Loans to $1.5 million
- No personal income used to qualify
- Qualification based on property cash flow
- No tax returns required
- Non-warrantable condos allowed
We Are Here To Walk You Through The Process Every Step Of The Way!
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Angel Oak 2-1 Buydown!
Getting a mortgage while self-employed can be a challenge.
Angel Oak Mortgage Solutions LLC – NMLS ID #1160240 (NMLS Consumer Access). Corporate Address: 980 Hammond Drive, Suite 850,Atlanta, GA 30328. Licensed in AL#21875, AZ #0926930, AK #110480, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act License #4131346. Loans made or arranged pursuant to a California Financing Law License CFL License #60DBO-71208, CO Regulated by the Division of Real Estate, CT #ML-1160240, CT #MS-1160240, DE #019971, DC #MLB1160240, FL #MLD1156, GA#41747, HI #HI-1160240, HI #MS231, ID #MBL-2081160240, IL Residential Mortgage Licensee # MB.6761065, IN #24466, IA #2014-0070, KS #MC.0025339, KY #MC292246,LA, ME #1160240, MD #1160240, MI #FL0020868, MI #SR0020869, MN #MN-MO-1160240,MS #1160240, MO #1160240, MT #1160240, NE, NV #4450, NV #4597, NH #22446-MB,Licensed by the N.J. Department of Banking and Insurance, NM, NC #L-163234, ND#MB103396, OH #RM.501891.000, OK #ML011190, OR #ML-5316, OR #MS-19, PA #56598,RI #20173431LL, RI #20224352LS, SC #MLS-1160240, SD #1160240.ML, TN #118878, TN#163131, TX, UT, VA #MC-5830, WA #CL-1160240, WV #ML-36451, WI #1160240BA, WY#3229, WY #CL-4863.