Fannie Allows Airbnb Hosts to Use Payments as Income in Refis
February 16, 2018
Fannie Mae will now allow rental payments from Airbnb properties to be used as income when refinancing a home. In a new initiative with Airbnb and three financial institutions, lenders can consider home-sharing income earned on borrowers’ properties when applying to refinance their primary residence mortgage. Prior to this initiative, lenders usually wouldn’t consider income from renting out a home or rooms in a home as a part of a borrower’s regular income stream. Airbnb hosts can apply to refinance their mortgages with Quicken Loans, Citizen Bank or Better Mortgage and have that earnings counted.