FAQ – Can I have more than one Primary Residence?

One of the most misunderstood occupancy types by lenders and underwriters alike is the Principal Residence versus Second Home or Investment Property.

With more and more Americans working from home, telecommuting or even actual commuting to places such as oil fields and over the road truckers, now more than ever lenders and borrowers alike need to have a good understanding of how Fannie Mae (FnMa) defines a principal residence and under what circumstances a person is allowed to have more than one.