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Updated over 1 year ago,

User Stats

18
Posts
7
Votes
April Hamm
  • Investor
  • Dallas, TX
7
Votes |
18
Posts

Fannie Mae maximum exceeded - what does this mean?

April Hamm
  • Investor
  • Dallas, TX
Posted

There's an MLS listing I was looking at that went under contract, went pending, and is now back on the market. They have now added this to the listing description. What exactly does this mean?

"Owner-occupancy based on Freddie Mac, Fannie Mae lending guidelines exceed maximum, thus CASH only"

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