Home Possible/ Home Ready Loans

[John Webber]

Hey, I'm doing research on the Fannie/ Freddy loans for a possible move-in flip or hold. I'm struggling to find any information on what the mortgage rates look like. Maybe they are the same as the FHA mortgage rates? I'm aware of the income limits base on geographic area and curious if this would include a couples' dual income if they will both be on the loan.

[John Webber]

@Michael Bacile as I understand you can use Homeready to purchase rental property. The Fannie Mae website says borrowers do not need to occupy the property. Keep in mind there is an income restriction depending on the area.  https://www.fanniemae.com/content/fact_sheet/homeready-overview.pdf