Chris A. Heidt NMLS 38412

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Chris A. Heidt NMLS 38412 With over 20 years experience, please call Chris today! Company NMLS #1969375, Equal Housing Lender
Boxcar Mortgage, LLC dba (Highland Mortgage

๐…๐„๐Œ๐€ ๐ƒ๐ข๐ฌ๐š๐ฌ๐ญ๐ž๐ซ ๐ƒ๐ž๐œ๐ฅ๐š๐ซ๐š๐ญ๐ข๐จ๐ง: ๐ƒ๐จ๐ž๐ฌ ๐˜๐จ๐ฎ๐ซ ๐‡๐จ๐ฆ๐ž ๐๐ž๐ž๐ ๐€๐ง๐จ๐ญ๐ก๐ž๐ซ ๐ˆ๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง?A hurricane, flood, or other major event happens while...
10/08/2026

๐…๐„๐Œ๐€ ๐ƒ๐ข๐ฌ๐š๐ฌ๐ญ๐ž๐ซ ๐ƒ๐ž๐œ๐ฅ๐š๐ซ๐š๐ญ๐ข๐จ๐ง: ๐ƒ๐จ๐ž๐ฌ ๐˜๐จ๐ฎ๐ซ ๐‡๐จ๐ฆ๐ž ๐๐ž๐ž๐ ๐€๐ง๐จ๐ญ๐ก๐ž๐ซ ๐ˆ๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง?

A hurricane, flood, or other major event happens while you're buying, selling or refinancing a home.

๐ƒ๐จ๐ž๐ฌ ๐ญ๐ก๐š๐ญ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ๐š๐ฅ๐ฅ๐ฒ ๐ฆ๐ž๐š๐ง ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐š๐ง๐จ๐ญ๐ก๐ž๐ซ ๐š๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ ๐จ๐ซ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง?

Not necessarily.

One important thing to understand is that ๐ง๐จ๐ญ ๐ž๐ฏ๐ž๐ซ๐ฒ ๐…๐„๐Œ๐€ ๐๐ž๐œ๐ฅ๐š๐ซ๐š๐ญ๐ข๐จ๐ง ๐ฆ๐ž๐š๐ง๐ฌ ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž ๐ญ๐ก๐ข๐ง๐ .

FEMA has different types of declarations, including Major Disaster Declarations, Emergency Declarations and Fire Management Assistance Declarations.

And even when a ๐Œ๐š๐ฃ๐จ๐ซ ๐ƒ๐ข๐ฌ๐š๐ฌ๐ญ๐ž๐ซ ๐ƒ๐ž๐œ๐ฅ๐š๐ซ๐š๐ญ๐ข๐จ๐ง is issued, we still need to determine whether the property's area has been designated for ๐ˆ๐ง๐๐ข๐ฏ๐ข๐๐ฎ๐š๐ฅ ๐€๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž ๐จ๐ซ ๐๐ฎ๐›๐ฅ๐ข๐œ ๐€๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž.

That distinction can matter when determining whether a disaster inspection is required for the mortgage.

There's another important issue: ๐ญ๐ข๐ฆ๐ข๐ง๐ .

Don't rush to order a disaster inspection while the event is still unfolding or before we know exactly how the area has been designated. An inspection completed too early could potentially have to be completed again.

This is especially important for buyers and Realtors here in ๐…๐ฅ๐จ๐ซ๐ข๐๐š ๐š๐ง๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐’๐จ๐ฎ๐ญ๐ก๐ž๐š๐ฌ๐ญ, where hurricanes, flooding and severe weather can affect a transaction with very little warning.

In my latest blog, I explain in plain English:
- The three types of FEMA declarations
- Individual Assistance vs. Public Assistance
- When a disaster inspection may be required

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

Realtors, if a major event occurs while you have a property under contract, ๐œ๐š๐ฅ๐ฅ ๐ฆ๐ž ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐š๐ฌ๐ฌ๐ฎ๐ฆ๐ข๐ง๐  ๐ญ๐ก๐ž ๐š๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ ๐ง๐ž๐ž๐๐ฌ ๐ญ๐จ ๐›๐ž ๐ซ๐ž๐๐จ๐ง๐ž ๐จ๐ซ ๐ญ๐ก๐ž ๐œ๐ฅ๐จ๐ฌ๐ข๐ง๐  ๐ก๐š๐ฌ ๐ญ๐จ ๐›๐ž ๐๐ž๐ฅ๐š๐ฒ๐ž๐.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310

#๐…๐„๐Œ๐€๐ƒ๐ข๐ฌ๐š๐ฌ๐ญ๐ž๐ซ #๐‡๐ฎ๐ซ๐ซ๐ข๐œ๐š๐ง๐ž๐’๐ž๐š๐ฌ๐จ๐ง #๐‡๐ฎ๐ซ๐ซ๐ข๐œ๐š๐ง๐ž๐๐ซ๐ž๐ฉ๐š๐ซ๐ž๐๐ง๐ž๐ฌ๐ฌ #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

๐•๐€ ๐๐ž๐ฐ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐–๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐š ๐‚๐Ž: ๐–๐ก๐š๐ญ ๐˜๐จ๐ฎ ๐๐ž๐ž๐ ๐ญ๐จ ๐Š๐ง๐จ๐ฐBuying a ๐ง๐ž๐ฐ ๐œ๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐š ๐•๐€ ๐ฅ๐จ๐š๐ง and the local build...
10/07/2026

๐•๐€ ๐๐ž๐ฐ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐–๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐š ๐‚๐Ž: ๐–๐ก๐š๐ญ ๐˜๐จ๐ฎ ๐๐ž๐ž๐ ๐ญ๐จ ๐Š๐ง๐จ๐ฐ

Buying a ๐ง๐ž๐ฐ ๐œ๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐š ๐•๐€ ๐ฅ๐จ๐š๐ง and the local building department doesn't issue a Certificate of Occupancy?

That does ๐ง๐จ๐ญ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ๐š๐ฅ๐ฅ๐ฒ ๐ฆ๐ž๐š๐ง ๐ญ๐ก๐ž ๐•๐€ ๐ฅ๐จ๐š๐ง ๐œ๐š๐ง'๐ญ ๐ฆ๐จ๐ฏ๐ž ๐Ÿ๐จ๐ซ๐ฐ๐š๐ซ๐.

This is an important distinction for ๐•๐€ ๐›๐ฎ๐ฒ๐ž๐ซ๐ฌ, ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐ฌ ๐š๐ง๐ ๐›๐ฎ๐ข๐ฅ๐๐ž๐ซ๐ฌ.

If the local building authority performs inspections but doesn't issue a Certificate of Occupancy, VA requirements allow other documentation. This may include satisfactory ๐Ÿ๐จ๐ฎ๐ง๐๐š๐ญ๐ข๐จ๐ง, ๐Ÿ๐ซ๐š๐ฆ๐ข๐ง๐  ๐š๐ง๐ ๐Ÿ๐ข๐ง๐š๐ฅ ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ, or written confirmation from the local authority that the required inspections were completed and satisfactory.

A ๐Ÿ-๐ฒ๐ž๐š๐ซ ๐›๐ฎ๐ข๐ฅ๐๐ž๐ซ'๐ฌ ๐ฐ๐š๐ซ๐ซ๐š๐ง๐ญ๐ฒ ๐จ๐ง ๐•๐€ ๐…๐จ๐ซ๐ฆ ๐Ÿ๐Ÿ”-๐Ÿ๐Ÿ–๐Ÿ“๐Ÿ— is also required.

But here's where it gets important:

๐๐จ ๐‚๐Ž ๐š๐ง๐ ๐ง๐จ ๐ฅ๐จ๐œ๐š๐ฅ ๐œ๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ซ๐ž ๐ญ๐ฐ๐จ ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ ๐ฌ๐ข๐ญ๐ฎ๐š๐ญ๐ข๐จ๐ง๐ฌ.

If the local authority doesn't perform construction inspections at all, additional requirements apply, including a lender completion certification and both a ๐Ÿ-๐ฒ๐ž๐š๐ซ ๐›๐ฎ๐ข๐ฅ๐๐ž๐ซ'๐ฌ ๐ฐ๐š๐ซ๐ซ๐š๐ง๐ญ๐ฒ ๐š๐ง๐ ๐š ๐Ÿ๐ŸŽ-๐ฒ๐ž๐š๐ซ ๐ข๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž-๐›๐š๐œ๐ค๐ž๐ ๐ฐ๐š๐ซ๐ซ๐š๐ง๐ญ๐ฒ.

For Realtors and builders, the goal is simple: ๐Ÿ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐จ๐ฎ๐ญ ๐ž๐š๐ซ๐ฅ๐ฒ.

Waiting until a few days before closing to discover what's missing can create a delay that may have been avoidable.

I've broken down the requirements in plain English in my latest blog, including what documentation may be needed and the VA appraiser's role once construction is complete.

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

If you're a builder, Realtor or VA buyer with a new construction property, I'm happy to look at the situation early and help determine what may be needed.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310

#๐•๐€๐‹๐จ๐š๐ง #๐•๐€๐๐ž๐ฐ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง #๐•๐€๐‡๐จ๐ฆ๐ž๐‹๐จ๐š๐ง #๐๐ž๐ฐ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

๐˜๐จ๐ฎ๐ซ ๐‡๐จ๐ฆ๐ž ๐€๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ ๐ˆ๐ฌ ๐‚๐ก๐š๐ง๐ ๐ข๐ง๐ : ๐–๐ก๐š๐ญ ๐˜๐จ๐ฎ ๐๐ž๐ž๐ ๐ญ๐จ ๐Š๐ง๐จ๐ฐ ๐€๐›๐จ๐ฎ๐ญ ๐”๐€๐ƒ ๐Ÿ‘.๐Ÿ”If you're buying or selling a homeโ€”or you're a Realt...
10/06/2026

๐˜๐จ๐ฎ๐ซ ๐‡๐จ๐ฆ๐ž ๐€๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ ๐ˆ๐ฌ ๐‚๐ก๐š๐ง๐ ๐ข๐ง๐ : ๐–๐ก๐š๐ญ ๐˜๐จ๐ฎ ๐๐ž๐ž๐ ๐ญ๐จ ๐Š๐ง๐จ๐ฐ ๐€๐›๐จ๐ฎ๐ญ ๐”๐€๐ƒ ๐Ÿ‘.๐Ÿ”

If you're buying or selling a homeโ€”or you're a Realtor helping someone through the processโ€”there's an important appraisal change you should know about.

๐”๐€๐ƒ ๐Ÿ‘.๐Ÿ” ๐ข๐ฌ ๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ก๐จ๐ฐ ๐ซ๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐š๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ๐ฌ ๐š๐ซ๐ž ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž๐ ๐š๐ง๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ž๐.

One of the biggest differences? The appraisal inspection can be more detailed and may take longer than what buyers, sellers and Realtors have experienced in the past.

Appraisers may be collecting and reporting more information about the property, including:
- Exterior and interior condition
- Roof, foundation and mechanical systems
- Kitchens, bathrooms and flooring
- Property features and improvements
- ADUs and outbuildings
- Defects, damage or other conditions
- Additional photos and property details

For sellers, don't be alarmed if the appraiser spends more time at your home. ๐€ ๐ฅ๐จ๐ง๐ ๐ž๐ซ ๐ฏ๐ข๐ฌ๐ข๐ญ ๐๐จ๐ž๐ฌ๐ง'๐ญ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ๐š๐ฅ๐ฅ๐ฒ ๐ฆ๐ž๐š๐ง ๐ฌ๐จ๐ฆ๐ž๐ญ๐ก๐ข๐ง๐  ๐ข๐ฌ ๐ฐ๐ซ๐จ๐ง๐ . There is simply more information to collect under the new appraisal format.

For Realtors, this is a good time to start preparing buyers and sellers for the change. Appraisal inspections may take longer, and during the transition, it's smart to leave some breathing room in the transaction timeline.

๐๐จ๐ฏ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐ข๐ฌ ๐š๐ง ๐ข๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐ญ ๐๐š๐ญ๐ž: UAD 3.6 becomes mandatory for new appraisal reports submitted to Fannie Mae and Freddie Mac's Uniform Collateral Data Portal.

I've broken down the changes in plain English in my latest blog.

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310

#๐”๐€๐ƒ๐Ÿ‘๐Ÿ” #๐‡๐จ๐ฆ๐ž๐€๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ #๐€๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง #๐‡๐จ๐ฆ๐ž๐๐ฎ๐ฒ๐ข๐ง๐ ๐“๐ข๐ฉ๐ฌ #๐‡๐จ๐ฆ๐ž๐’๐ž๐ฅ๐ฅ๐ข๐ง๐ ๐“๐ข๐ฉ๐ฌ #๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐“๐ข๐ฉ๐ฌ #๐…๐ฅ๐จ๐ซ๐ข๐๐š๐‘๐ž๐š๐ฅ๐„๐ฌ๐ญ๐š๐ญ๐ž #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐…๐ข๐ง๐š๐ง๐œ๐ข๐ง๐  #๐‘๐ž๐š๐ฅ๐„๐ฌ๐ญ๐š๐ญ๐ž๐“๐ข๐ฉ๐ฌ #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

๐–๐ก๐š๐ญ ๐œ๐จ๐ฎ๐ฅ๐ ๐š๐ง ๐ž๐ฑ๐ญ๐ซ๐š $๐Ÿ—๐ŸŽ๐ŸŽ+ ๐š ๐ฆ๐จ๐ง๐ญ๐ก ๐ฆ๐ž๐š๐ง ๐ญ๐จ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฎ๐ฌ๐ž๐ก๐จ๐ฅ๐?I recently had the opportunity to help a repeat client, Ashley ...
10/01/2026

๐–๐ก๐š๐ญ ๐œ๐จ๐ฎ๐ฅ๐ ๐š๐ง ๐ž๐ฑ๐ญ๐ซ๐š $๐Ÿ—๐ŸŽ๐ŸŽ+ ๐š ๐ฆ๐จ๐ง๐ญ๐ก ๐ฆ๐ž๐š๐ง ๐ญ๐จ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฎ๐ฌ๐ž๐ก๐จ๐ฅ๐?

I recently had the opportunity to help a repeat client, Ashley Parker, refinance her homeโ€”and Iโ€™m incredibly grateful for the 5-star review she shared afterward.

Ashley wrote:

โ€œChris Heidt was very dedicated to making sure everything was handled professionally and in a timely manner! We knew we could email, call or text with any questions, at any time without hesitation!โ€

What makes this one even more meaningful is that Ashley and her family had worked with me before and trusted me to help them again.

And this time, the numbers made a significant difference.

We were able to:

Lower their mortgage rate by approximately ๐Ÿ‘ ๐ฉ๐ž๐ซ๐œ๐ž๐ง๐ญ๐š๐ ๐ž ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ
Reduce their monthly outgo by ๐ฆ๐จ๐ซ๐ž ๐ญ๐ก๐š๐ง $๐Ÿ—๐ŸŽ๐ŸŽ
Improve their monthly cash flow by ๐ฆ๐จ๐ซ๐ž ๐ญ๐ก๐š๐ง $๐Ÿ๐ŸŽ,๐Ÿ–๐ŸŽ๐ŸŽ ๐ฉ๐ž๐ซ ๐ฒ๐ž๐š๐ซ

Every homeownerโ€™s situation is different, but Ashleyโ€™s story raises an important question:

๐‚๐จ๐ฎ๐ฅ๐ ๐ญ๐ก๐ž ๐ž๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ก๐ž๐ฅ๐ฉ ๐ข๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฆ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐œ๐š๐ฌ๐ก ๐Ÿ๐ฅ๐จ๐ฐ?

If you own a home and are carrying higher-interest credit cards, auto loans, personal loans or other debt, you may have more equity than you realize.

Sometimes refinancing and restructuring debt makes sense. Sometimes it doesnโ€™t.

๐‹๐ž๐ญโ€™๐ฌ ๐ซ๐ฎ๐ง ๐ญ๐ก๐ž ๐ง๐ฎ๐ฆ๐›๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ÿ๐ข๐ง๐ ๐จ๐ฎ๐ญ.

No pressure. No obligation. Just a clear look at your options so you can decide what makes sense for you.

Ashley, thank you again for your kind words and, most importantly, for trusting me with your familyโ€™s financing again.

Chris A. Heidt
Mortgage Banker | NMLS #38412
Highland Mortgage
(239) 470-6310

#๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž #๐‘๐ž๐Ÿ๐ข๐ง๐š๐ง๐œ๐ž #๐‡๐จ๐ฆ๐ž๐„๐ช๐ฎ๐ข๐ญ๐ฒ #๐ƒ๐ž๐›๐ญ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง #๐‡๐จ๐ฆ๐ž๐จ๐ฐ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐“๐ข๐ฉ๐ฌ #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐๐š๐ง๐ค๐ž๐ซ #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ #๐…๐ฅ๐จ๐ซ๐ข๐๐š๐‡๐จ๐ฆ๐ž๐จ๐ฐ๐ง๐ž๐ซ๐ฌ #๐’๐จ๐ฎ๐ญ๐ก๐ฐ๐ž๐ฌ๐ญ๐…๐ฅ๐จ๐ซ๐ข๐๐š #๐…๐จ๐ซ๐ญ๐Œ๐ฒ๐ž๐ซ๐ฌ #๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ๐–๐ž๐ฅ๐ฅ๐ง๐ž๐ฌ๐ฌ #๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ๐’๐š๐ฏ๐ข๐ง๐ ๐ฌ #๐‚๐ฅ๐ข๐ž๐ง๐ญ๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ #๐…๐ข๐ฏ๐ž๐’๐ญ๐š๐ซ๐‘๐ž๐ฏ๐ข๐ž๐ฐ #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

You can have a steady job, receive a W-2, have good credit, and have money for a down paymentโ€”and still run into a mortg...
09/29/2026

You can have a steady job, receive a W-2, have good credit, and have money for a down paymentโ€”and still run into a mortgage qualification issue because of ๐ฐ๐ก๐ž๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐œ๐จ๐ฆ๐ž๐ฌ ๐Ÿ๐ซ๐จ๐ฆ.

Cannabis may be legal in your state, but ma*****na remains a controlled substance under federal law. That can create challenges when cannabis-related income is needed to qualify for a mortgage.

The rules can also vary depending on whether you're a ๐–-๐Ÿ ๐ž๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ž ๐จ๐ซ ๐ฌ๐ž๐ฅ๐Ÿ-๐ž๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ and which mortgage program you're using.

For homebuyers, the important lesson is simple: ๐๐จ๐ง'๐ญ ๐ฐ๐š๐ข๐ญ ๐ฎ๐ง๐ญ๐ข๐ฅ ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐ฎ๐ง๐๐ž๐ซ ๐œ๐จ๐ง๐ญ๐ซ๐š๐œ๐ญ ๐ญ๐จ ๐Ÿ๐ข๐ง๐ ๐จ๐ฎ๐ญ ๐ฐ๐ก๐ž๐ญ๐ก๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐œ๐š๐ง ๐›๐ž ๐ฎ๐ฌ๐ž๐.

For Realtors, if you have a buyer who works for a dispensary, grower, producer, distributor, or another cannabis-related business, get me involved early. I'll review the situation before your buyer makes an offer.

There may be financing options depending on the circumstances. The key is knowing what we're working with upfront.

I explain the issue in plain English in my latest blog.

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

Chris A. Heidt | Mortgage Banker
NMLS #38412

#๐‚๐š๐ง๐ง๐š๐›๐ข๐ฌ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ #๐Œ๐š๐ซ๐ข๐ฃ๐ฎ๐š๐ง๐š๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐…๐ข๐ง๐š๐ง๐œ๐ข๐ง๐  #๐‡๐จ๐ฆ๐ž๐๐ฎ๐ฒ๐ข๐ง๐ ๐“๐ข๐ฉ๐ฌ #๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐“๐ข๐ฉ๐ฌ #๐‡๐จ๐ฆ๐ž๐‹๐จ๐š๐ง #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

๐”๐ฌ๐ข๐ง๐  ๐š ๐‹๐ž๐š๐ฌ๐ž ๐ญ๐จ ๐๐ฎ๐š๐ฅ๐ข๐Ÿ๐ฒ? ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐žโ€™๐ฌ ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐‡๐š๐ฏ๐ž ๐‚๐ก๐š๐ง๐ ๐ž๐Own a rental property and planning your next home...
09/18/2026

๐”๐ฌ๐ข๐ง๐  ๐š ๐‹๐ž๐š๐ฌ๐ž ๐ญ๐จ ๐๐ฎ๐š๐ฅ๐ข๐Ÿ๐ฒ? ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐žโ€™๐ฌ ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐‡๐š๐ฏ๐ž ๐‚๐ก๐š๐ง๐ ๐ž๐

Own a rental property and planning your next home or investment-property purchase?

A signed lease can be important, but ๐ก๐š๐ฏ๐ข๐ง๐  ๐š ๐ฅ๐ž๐š๐ฌ๐ž ๐๐จ๐ž๐ฌ ๐ง๐จ๐ญ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ๐š๐ฅ๐ฅ๐ฒ ๐ฆ๐ž๐š๐ง ๐ญ๐ก๐ž ๐ซ๐ž๐ง๐ญ ๐ฌ๐ก๐จ๐ฐ๐ง ๐จ๐ง ๐ข๐ญ ๐œ๐š๐ง ๐›๐ž ๐ฎ๐ฌ๐ž๐ ๐ญ๐จ ๐ช๐ฎ๐š๐ฅ๐ข๐Ÿ๐ฒ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐ž๐ฑ๐ญ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž.

Fannie Mae has updated its rental income guidelines. Depending on the situation:

*A new lease may need to meet minimum lease-term requirements.
*Who the tenant is can matter.
*The lender may need proof that rent is actually being paid.
*In certain situations, a lease cannot be used to establish qualifying rental income.
*The rent shown on the lease and the amount we can use for mortgage qualification may be different.

๐…๐จ๐ซ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐ฌ: If your buyer owns rental property and needs that income to qualify, get me involved early. Itโ€™s much easier to identify a documentation issue before your buyer is under contract.

๐…๐จ๐ซ ๐ก๐จ๐ฆ๐ž๐จ๐ฐ๐ง๐ž๐ซ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ: Before you depend on rental income for your next purchase, letโ€™s review the lease and documentation first.

This is ๐๐ฅ๐จ๐  #๐Ÿ’ ๐š๐ง๐ ๐ญ๐ก๐ž ๐Ÿ๐ข๐ง๐š๐ฅ ๐š๐ซ๐ญ๐ข๐œ๐ฅ๐ž ๐ข๐ง ๐ฆ๐ฒ ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐ž ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ฌ๐ž๐ซ๐ข๐ž๐ฌ.

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310
www.highlandmtg.com/chris-heidt

#๐…๐š๐ง๐ง๐ข๐ž๐Œ๐š๐ž #๐‘๐ž๐ง๐ญ๐š๐ฅ๐ˆ๐ง๐œ๐จ๐ฆ๐ž #๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ #๐‘๐ž๐š๐ฅ๐„๐ฌ๐ญ๐š๐ญ๐ž๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐  #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง #๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐“๐ข๐ฉ๐ฌ #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

๐‘๐ž๐œ๐ž๐ง๐ญ๐ฅ๐ฒ ๐๐จ๐ฎ๐ ๐ก๐ญ ๐š ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ? ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐žโ€™๐ฌ ๐Ÿ’๐Ÿ“-๐ƒ๐š๐ฒ ๐‘๐ฎ๐ฅ๐ž ๐‚๐จ๐ฎ๐ฅ๐ ๐€๐Ÿ๐Ÿ๐ž๐œ๐ญ ๐˜๐จ๐ฎ๐ซ ๐๐ž๐ฑ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐žReal estate investors often m...
09/15/2026

๐‘๐ž๐œ๐ž๐ง๐ญ๐ฅ๐ฒ ๐๐จ๐ฎ๐ ๐ก๐ญ ๐š ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ? ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐žโ€™๐ฌ ๐Ÿ’๐Ÿ“-๐ƒ๐š๐ฒ ๐‘๐ฎ๐ฅ๐ž ๐‚๐จ๐ฎ๐ฅ๐ ๐€๐Ÿ๐Ÿ๐ž๐œ๐ญ ๐˜๐จ๐ฎ๐ซ ๐๐ž๐ฑ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž

Real estate investors often move quickly from one property to the next. But if you recently bought a rental property, the timing could affect how you qualify for your next mortgage.

Fannie Mae has specific rental income rules when an ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ ๐ฐ๐š๐ฌ ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž๐ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐Ÿ’๐Ÿ“ ๐๐š๐ฒ๐ฌ ๐จ๐Ÿ ๐š๐ฉ๐ฉ๐ฅ๐ฒ๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐ž๐ฑ๐ญ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž.

Hereโ€™s what investors should know:

*A new lease may not be enough to establish qualifying rental income.

*Market rent generally needs to be documented.

*Typically, 75% of the market rent is used in the calculation.

*If the calculated rent doesnโ€™t cover the propertyโ€™s PITIA, the shortage can affect your debt-to-income ratio.

*If the rent exceeds PITIA, the extra amount generally canโ€™t simply be added as additional qualifying income under this rule.

๐…๐จ๐ซ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐ฌ: If youโ€™re working with an investor, ask whether theyโ€™ve purchased another investment property within the last 45 days. If they have, get me involved before the next offer is made.

๐…๐จ๐ซ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ: Donโ€™t assume the rent from your newest property will be treated the way you expect when qualifying for your next purchase.

This is ๐๐ฅ๐จ๐  #๐Ÿ‘ ๐จ๐Ÿ ๐ฆ๐ฒ ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐ž ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ฌ๐ž๐ซ๐ข๐ž๐ฌ.

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

Planning your next investment property? Letโ€™s run the numbers before you make your next move.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310

#๐…๐š๐ง๐ง๐ข๐ž๐Œ๐š๐ž #๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ #๐‘๐ž๐ง๐ญ๐š๐ฅ๐ˆ๐ง๐œ๐จ๐ฆ๐ž #๐‘๐ž๐š๐ฅ๐„๐ฌ๐ญ๐š๐ญ๐ž๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐  #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง #๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐“๐ข๐ฉ๐ฌ #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

๐Ž๐ฐ๐ง ๐š ๐’๐ก๐จ๐ซ๐ญ-๐“๐ž๐ซ๐ฆ ๐‘๐ž๐ง๐ญ๐š๐ฅ? ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐ž ๐‡๐š๐ฌ ๐๐ž๐ฐ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐‘๐ฎ๐ฅ๐ž๐ฌOwn a vacation rental or other ๐ฌ๐ก๐จ๐ซ๐ญ-๐ญ๐ž๐ซ๐ฆ ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ and ...
09/14/2026

๐Ž๐ฐ๐ง ๐š ๐’๐ก๐จ๐ซ๐ญ-๐“๐ž๐ซ๐ฆ ๐‘๐ž๐ง๐ญ๐š๐ฅ? ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐ž ๐‡๐š๐ฌ ๐๐ž๐ฐ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐‘๐ฎ๐ฅ๐ž๐ฌ

Own a vacation rental or other ๐ฌ๐ก๐จ๐ซ๐ญ-๐ญ๐ž๐ซ๐ฆ ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ and thinking about buying another home?

Fannie Mae has updated its guidelines for how ๐ฌ๐ก๐จ๐ซ๐ญ-๐ญ๐ž๐ซ๐ฆ ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ข๐ง๐œ๐จ๐ฆ๐ž may be documented and used when qualifying for a mortgage.

The important takeaway:

๐“๐ก๐ž ๐š๐ฆ๐จ๐ฎ๐ง๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐ก๐จ๐ซ๐ญ-๐ญ๐ž๐ซ๐ฆ ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ž๐š๐ซ๐ง๐ฌ ๐ข๐ฌ๐ง'๐ญ ๐ง๐ž๐œ๐ž๐ฌ๐ฌ๐š๐ซ๐ข๐ฅ๐ฒ ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž ๐š๐ฆ๐จ๐ฎ๐ง๐ญ ๐š ๐ฅ๐ž๐ง๐๐ž๐ซ ๐œ๐š๐ง ๐ฎ๐ฌ๐ž ๐š๐ฌ ๐ช๐ฎ๐š๐ฅ๐ข๐Ÿ๐ฒ๐ข๐ง๐  ๐ข๐ง๐œ๐จ๐ฆ๐ž.

The updated guidelines include:

New requirements for short-term rental income
Alternative documentation options
More conservative treatment of qualifying rental income

This can be especially important for owners of vacation rentals where income changes from season to season.

๐…๐จ๐ซ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐ฌ: If your buyer owns a short-term rental and plans to use that income to qualify, get me involved early. We don't want to discover an income issue after your buyer is already under contract.

๐…๐จ๐ซ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ ๐จ๐ฐ๐ง๐ž๐ซ๐ฌ: If you're considering another purchase, let's review the rental income before you make an offer.

This is ๐๐ฅ๐จ๐  #๐Ÿ ๐จ๐Ÿ ๐ฆ๐ฒ ๐…๐š๐ง๐ง๐ข๐ž ๐Œ๐š๐ž ๐‘๐ž๐ง๐ญ๐š๐ฅ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ฌ๐ž๐ซ๐ข๐ž๐ฌ.

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310

#๐’๐ก๐จ๐ซ๐ญ๐“๐ž๐ซ๐ฆ๐‘๐ž๐ง๐ญ๐š๐ฅ #๐‘๐ž๐ง๐ญ๐š๐ฅ๐ˆ๐ง๐œ๐จ๐ฆ๐ž #๐…๐š๐ง๐ง๐ข๐ž๐Œ๐š๐ž #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง #๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐“๐ข๐ฉ๐ฌ #๐‡๐จ๐ฆ๐ž๐๐ฎ๐ฒ๐ข๐ง๐ ๐“๐ข๐ฉ๐ฌ #๐‘๐ž๐š๐ฅ๐„๐ฌ๐ญ๐š๐ญ๐ž๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐  #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

๐๐ฎ๐ฒ๐ข๐ง๐  ๐š ๐๐ž๐ฐ ๐‡๐จ๐ฆ๐ž ๐š๐ง๐ ๐‘๐ž๐ง๐ญ๐ข๐ง๐  ๐Ž๐ฎ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐Ž๐ง๐ž?Thinking about buying your next home but ๐ค๐ž๐ž๐ฉ๐ข๐ง๐  ๐ฒ๐จ๐ฎ๐ซ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐ก๐จ๐ฆ๐ž ๐š๐ฌ...
09/11/2026

๐๐ฎ๐ฒ๐ข๐ง๐  ๐š ๐๐ž๐ฐ ๐‡๐จ๐ฆ๐ž ๐š๐ง๐ ๐‘๐ž๐ง๐ญ๐ข๐ง๐  ๐Ž๐ฎ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐Ž๐ง๐ž?

Thinking about buying your next home but ๐ค๐ž๐ž๐ฉ๐ข๐ง๐  ๐ฒ๐จ๐ฎ๐ซ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐ก๐จ๐ฆ๐ž ๐š๐ฌ ๐š ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ข๐ง๐ฌ๐ญ๐ž๐š๐ ๐จ๐Ÿ ๐ฌ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐ข๐ญ?

Fannie Mae has updated its rental income guidelines, including how lenders handle a ๐๐ž๐ฉ๐š๐ซ๐ญ๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ข๐๐ž๐ง๐œ๐ž โ€” the home you're moving out of and planning to rent.

Some important changes include:

*A lease may not be used to establish rent on a departing residence.
*Market rent can be supported through an appraisal, Form 1007, or qualifying market data.
*A tenant does not have to be in place before closing.
*Generally, ๐Ÿ•๐Ÿ“% ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ง๐ญ is used in the calculation.
*Borrowers with less than 12 months of property-management experience may need six months of PITIA reserves on the home they're leaving.

Here's the important part:

๐ƒ๐จ๐ง'๐ญ ๐š๐ฌ๐ฌ๐ฎ๐ฆ๐ž ๐ญ๐ก๐ž ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ซ๐ž๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ๐š๐ฅ๐ฅ๐ฒ ๐ก๐ž๐ฅ๐ฉ ๐ฒ๐จ๐ฎ ๐ช๐ฎ๐š๐ฅ๐ข๐Ÿ๐ฒ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐ž๐ฑ๐ญ ๐ก๐จ๐ฆ๐ž.

How the market rent compares with the payment on your current home can make a difference.

If you're considering keeping your current home as a rental, let's ๐ซ๐ฎ๐ง ๐ญ๐ก๐ž ๐ง๐ฎ๐ฆ๐›๐ž๐ซ๐ฌ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ฒ๐จ๐ฎ ๐ฆ๐š๐ค๐ž ๐š๐ง ๐จ๐Ÿ๐Ÿ๐ž๐ซ ๐จ๐ง ๐ญ๐ก๐ž ๐ง๐ž๐ฑ๐ญ ๐ก๐จ๐ฆ๐ž.

๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐ฌ: If your buyer tells you they're keeping their current home and renting it out, get me involved early. We can identify potential qualifying or reserve issues before they become a problem.

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310

#๐…๐š๐ง๐ง๐ข๐ž๐Œ๐š๐ž #๐‘๐ž๐ง๐ญ๐š๐ฅ๐ˆ๐ง๐œ๐จ๐ฆ๐ž #๐‡๐จ๐ฆ๐ž๐๐ฎ๐ฒ๐ข๐ง๐ ๐“๐ข๐ฉ๐ฌ #๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐“๐ข๐ฉ๐ฌ #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐…๐ข๐ง๐š๐ง๐œ๐ข๐ง๐  #๐‘๐ž๐š๐ฅ๐„๐ฌ๐ญ๐š๐ญ๐ž๐“๐ข๐ฉ๐ฌ #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

๐ˆ๐ฌ ๐ˆ๐ญ ๐š ๐‡๐จ๐ฎ๐ฌ๐ž ๐จ๐ซ ๐š ๐๐จ๐š๐ซ๐๐ข๐ง๐  ๐‡๐จ๐ฎ๐ฌ๐ž?A home can ๐ฅ๐จ๐จ๐ค ๐ฅ๐ข๐ค๐ž ๐š ๐ซ๐ž๐ ๐ฎ๐ฅ๐š๐ซ ๐ฌ๐ข๐ง๐ ๐ฅ๐ž-๐Ÿ๐š๐ฆ๐ข๐ฅ๐ฒ ๐ก๐จ๐ฎ๐ฌ๐ž from the outside โ€” but how it's bei...
09/10/2026

๐ˆ๐ฌ ๐ˆ๐ญ ๐š ๐‡๐จ๐ฎ๐ฌ๐ž ๐จ๐ซ ๐š ๐๐จ๐š๐ซ๐๐ข๐ง๐  ๐‡๐จ๐ฎ๐ฌ๐ž?

A home can ๐ฅ๐จ๐จ๐ค ๐ฅ๐ข๐ค๐ž ๐š ๐ซ๐ž๐ ๐ฎ๐ฅ๐š๐ซ ๐ฌ๐ข๐ง๐ ๐ฅ๐ž-๐Ÿ๐š๐ฆ๐ข๐ฅ๐ฒ ๐ก๐จ๐ฎ๐ฌ๐ž from the outside โ€” but how it's being used could affect whether a buyer can get traditional mortgage financing.

This is something buyers and Realtors may not discover until the ๐š๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ.

Some potential signs of a boarding or rooming house can include:

*Individual locks on bedroom doors
*Separate rental agreements for individual rooms
*Mini-fridges or hot plates in bedrooms
*Multiple mailboxes
*Several unrelated people renting rooms separately

But here's the important distinction:

๐‡๐š๐ฏ๐ข๐ง๐  ๐š ๐ซ๐จ๐จ๐ฆ๐ฆ๐š๐ญ๐ž ๐จ๐ซ ๐›๐จ๐š๐ซ๐๐ž๐ซ ๐๐จ๐ž๐ฌ ๐๐Ž๐“ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ๐š๐ฅ๐ฅ๐ฒ ๐ฆ๐š๐ค๐ž ๐š ๐ก๐จ๐ฆ๐ž ๐š ๐›๐จ๐š๐ซ๐๐ข๐ง๐  ๐ก๐จ๐ฎ๐ฌ๐ž.

The ๐ค๐ž๐ฒ ๐ข๐ฌ ๐ก๐จ๐ฐ ๐ญ๐ก๐ž ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ ๐ข๐ฌ ๐›๐ž๐ข๐ง๐  ๐ฎ๐ฌ๐ž๐, not simply how many people live there.

๐๐ฎ๐ฒ๐ž๐ซ๐ฌ: Ask questions before making an offer.

๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐ฌ: If you notice an unusual rental setup, let's look at it before your buyer gets too far into the transaction.

I'd much rather identify a potential financing issue ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐š๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ than after everyone is already under contract.

Have an unusual property? Send me the scenario.

Chris A. Heidt | Mortgage Banker
NMLS #38412
(239) 470-6310

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐›๐ฅ๐จ๐  ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ข๐ง ๐ฆ๐ฒ ๐›๐ข๐จ.

#๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง #๐‡๐จ๐ฆ๐ž๐๐ฎ๐ฒ๐ข๐ง๐ ๐“๐ข๐ฉ๐ฌ #๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ๐“๐ข๐ฉ๐ฌ #๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐…๐ข๐ง๐š๐ง๐œ๐ข๐ง๐  #๐‡๐จ๐ฆ๐ž๐€๐ฉ๐ฉ๐ซ๐š๐ข๐ฌ๐š๐ฅ #๐‘๐ž๐š๐ฅ๐„๐ฌ๐ญ๐š๐ญ๐ž๐“๐ข๐ฉ๐ฌ #๐‡๐จ๐ฆ๐ž๐๐ฎ๐ฒ๐ž๐ซ๐ฌ #๐ก๐ข๐ ๐ก๐ฅ๐š๐ง๐๐ฆ๐ญ๐  #๐œ๐ก๐ซ๐ข๐ฌ๐ก๐ž๐ข๐๐ญ

Address

8801 College Parkway, Suite 2
Fort Myers, FL
33919

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