Buyers with no previous investment property experience are now able to use a portion of rental income to offset liabilities, if they seek to turn their departure residence into an investment property.

Previously, Fannie & Freddie required 2 years documented investment property experience (income on your tax returns) in order to use rental income to offset monthly liabilities.

This is a game changer for many buyers looking to upgrade while retaining their current home as an investment property.  In some cases, we can even increase the loan amount on the departure residence, and use the additional funds towards down payment on their new home.