4% tax on 2nd homes. Anyone heard of this

[Jonathan Parsons]

Our lender told us that second homes purchased after 2 Feb 2022 will now be charged a tax (4% of home price) up front.  Has anyone heard of this?

Jon

[Jay Hinrichs]

Originally posted by @Bill B.:

Certainly not true nationwide. Maybe a state or local thing but you forgot to put your location in your profile so you would get answers from experts in your area. You could call another lender but again tell them your location because it’s certainly not true nationally. 

 my lender said in a conversation this morning that to slow down the investor use of fannie freddie and second home buyers so there is more $ available to owner occ.. that there is going to be a 4 point over lay  4 points  and increased rates takes effect April 1 from what I understand of course this is just one lender in one area  Pac  NW  but seems that it could be national if its a fannie freddie overlay