Will we go to jail for renting our home on AirBNB?

[Kristopher S.]

Hi there, my wife and I live in NYC but are in the process of closing on our first home in Nashville. We love Nashville and plan to live in the home part time and list it as a short term rental when back in NYC. 

While securing financing, one well-respected lender told us we can easily classify this as a second home and qualify for a great rate with 10% down. Another well-respected lender said the CFPB is actively penalizing buyers who rent out second homes and will make an example out of us. Who do we listen to?