the borrower must have exclusive control over the property
Means: Owner has to be able to take back the unit without going through eviction.
This is why it's important to understand in the state where the property is located, how long can a guest stay and becomes a legal tenant. Google overstayed guest in XXX state.
must not be rental property or a timeshare arrangement1
Means: no rental lease, no property management, owner has to control everything.
请教一下这个是不是有严格的限制？自己住满多久以后可以出租？
谢谢大家！
RT
https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B2-Eligibility/Chapter-B2-1-Mortgage-Eligibility/1033003381/What-are-the-requirements-for-a-second-home.htm
Ask follow up questions if you don't understand.
各地对tenant的定义不一样，比如加州不能连续住七天或者六个月中住十四天。
Means: Owner has to be able to take back the unit without going through eviction.
This is why it's important to understand in the state where the property is located, how long can a guest stay and becomes a legal tenant. Google overstayed guest in XXX state.