If you're a homeowner and you're renting out rooms through AirBnb, congrats! You can potentially use that AirBnb income to refinance your mortgage. In February 2018, Fannie Mae allowed borrowers to use Airbnb rental income as part of the income qualification to refinance their home loans.
Due to COVID-19, short term rental income may no longer be an eligible source of income. The guidelines for Airbnb Mortgage Refinance qualification are subject to revision and Airbnb Mortgage Refinancing page is the right resource to review latest information.
As always, if you have any additional questions on mortgage pre-approval and whether refinancing is right for you, don't hesitate to call us at 833-600-0490 or email us at [email protected]. As of February 2021, we are licensed to originate mortgages in Colorado, Connecticut, New Jersey, Pennsylvania and Virginia and are available to help you navigate the various mortgage programs and loan options, with the goal of finding the right mortgage for you!