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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.
You can also download the printable 1,200+ page PDF, which include links.
For investment property transactions in established projects at least 50% of the total units in the project must be conveyed to principal residence or second home purchasers. This requirement does not apply if the subject mortgage is for a principal residence or second home.
Financial institution-owned REO units that are for sale (not rented) are considered owner-occupied when calculating the 50% owner-occupancy ratio requirement.
For additional information, see B4-2.2-02, Full Review Process.
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