Mortgage Navigator • Specialty Property

Short-Term Rental Properties

Short-term rental use can affect both property eligibility and the way rental income is underwritten.

Condo-project distinction

For condos, project operation can matter. Freddie Mac notes that online short-term-rental advertisements alone do not automatically make a project ineligible; full project characteristics require analysis.

Income method

Private DSCR/investor products may use market rent, lease income or other program-defined evidence. Historical platform revenue is not automatically accepted at face value.

“Not agency eligible” does not always mean “not financeable.” It may mean the property falls outside a particular agency, condo-project, appraisal, or lender matrix. Private-investor and portfolio options can differ. Specialty financing is never guaranteed: property, valuation, title, insurance, zoning, occupancy, loan purpose and investor rules still control.

Agency reference points

Fannie general · Fannie special · Fannie condo · Fannie mixed · Freddie condo. These are agency reference points, not universal private-investor rules.