Freddie Mac just announced some new rules on mortgages for real estate investors. These rules go into effect March 1st.

  • First, the borrower must own a primary residence to use rental income to qualify when buying a rental property.
  • Second, the rental income can only offset the monthly PITI payment; it can’t be added to gross monthly income.


In another unrelated change, Freddie Mac now only requires on Social Security retirement or disability income that we have either their Award Letter or paperwork (bank statements) showing receipt of the SS benefits. We no longer need both.