Freddie Mac Rules

I would like to purchase a property currently owned by Freddie Mac. I would live in it but I do move a lot. (job related) I am currently renting a place. I know I can get a 95% loan but how long do I have to live there? Thanks for the help.

Comments(1)

  • SmileyFace5th September, 2003

    As long you are planning to actually live there, it does not matter how long. But if you don't live there for at least two years out of five, your capital gain when you sell your house is not tax deductable. But this is another subject

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