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Homebuyers Can Now Use Income from ADUs to Help Qualify for CalHFA First Mortgages
  
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.

Full press release: Press Release 2017-04-26
 
To see all CalHFA press releases, visit:   
www.calhfa.ca.gov/about/press/press-releases

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Visit our website at:  www.calhfa.ca.gov
 
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