Conventional Changes: Will they affect your Beach Front Investment or Vacation Home Purchase?
If you are planning to obtain a conventional loan to finance a second home or investment property, these changes could affect your loan. New policies are on the way, which could cause financing that Daytona beachfront vacation home a bit more challenging. Fannie Mae sent out letters to lenders on March 15, 2021 announcing upcoming changes to their lending standards for both second home and investment properties. Not only are the standards for these loans going tighten, but Fa