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All Forum Posts by: Victoria Morrison

Victoria Morrison has started 1 posts and replied 2 times.

Post: Heloc denied due to room rental

Victoria MorrisonPosted
  • Posts 2
  • Votes 1

Thank you!

Post: Heloc denied due to room rental

Victoria MorrisonPosted
  • Posts 2
  • Votes 1

Hi all! I recently applied for a Heloc but was denied due to renting a room in a 2 room primary residence. Is this common? I was told it was due to the property being "multi-purpose" and not in line with Fannie Mae guidelines. Any tips on how to apply for a Heloc while renting a room?