The California Housing Finance Agency has revised its guidelines so first-time homebuyers may apply rental income from an Accessory Dwelling Unit (ADU) toward loan qualification. This update follows the guidelines of Fannie Mae and the Federal Housing Administration and will take effect on May 1, 2017.
To see all CalHFA press releases, visit:
www.calhfa.ca.gov/about/press/press-releases
Thank you for your continued partnership with CalHFA.
