Freddie Mac HFA AdvantangeSM Ownership Interest Update
Effective immediately, the Freddie Mac HFA Advantage product no longer prohibits borrowers from having an ownership interest in another property at the time of closing.
Did you know?
A person can still be considered a first-time homebuyer even if they have an ownership interest in another property that has not been their primary residence for the last three years.
Minnesota Housing has no overlays on ownership of other property, and many of our loan products allow ownership interest in another property as long as the loan meets underlying loan product requirements.