Selling Guide

Published December 16, 2020

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What are considered ineligible property types?

Ineligible Properties

Fannie Mae does not purchase or securitize mortgages on

  • vacant land or land development properties;
  • properties that are not readily accessible by roads that meet local standards;
  • agricultural properties, such as farms or ranches;
  • units in condo or co-op hotels (see B4-2.1-03, Ineligible Projects), for additional information;
  • properties that are not secured by real estate such as, houseboats, boat slips, timeshares, and other forms of property that are not real estate see (B4-2.1-03, Ineligible Projects), for additional information;
  • boarding houses;
  • bed and breakfast properties; or
  • properties that are not suitable for year-round occupancy regardless of location.

For additional information, see B2-3-01, General Property Eligibility

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

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