NEWS & INSIGHTS

Buy Without Sell: When You Don't Have to Sell Your Current Home Before Buying the Next One. $104K annual income. $550K new home. 10% down. Three weeks to close. Most lenders said no — the current home was listed, but with no offer in hand. One suggested a hard money loan. But this borrower wasn't buying an investment property. They were simply moving from one primary residence to another. Here's the situation: 🏠 Current Home - Expected sale price: $450,000 - Outstanding mort

Vera Chang GMCC District Manager If you plan to purchase a new primary residence and rent out your current home, Fannie Mae’s updated guideline may affect how much you can qualify for. Effective for applications dated November 1, 2026, or later, with earlier adoption permitted, here are the key changes: 1. Lease agreements can no longer be used to determine qualifying rental income from a departing residence. While this may simplify the documentation process, the qualifying c