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Updated almost 6 years ago on . Most recent reply

Diane G.'s profile image
Diane G.'s profile image
Diane G.
  • from CA
  • Member since Dec 24, 2016
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1,320
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Diane G.'s profile image
Diane G.'s profile image
Diane G.
  • from CA
  • Member since Dec 24, 2016
Connect
Diane G.
  • CA
1,059
Votes |
1,320
Posts
Buying & Selling Real Estate

40% rental rule in mortgage application

Diane G.
  • CA
Posted

During the previous down turn, I heard that if a condo building has more than 40% units renting, you can't get a loan, and all purchases needed to be cash purchase...

is that rule still in place?

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