Fannie Mae Selling Guide B2-3-03: Special Property Eligibility and Underwriting Considerations: Leasehold Estates
This topic contains information on leasehold estates, including:
Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- Leasehold Estates
- Definitions
- General Requirements for Leasehold Mortgages
- Lease Requirements
- Ground Lease Renewal or Extension Options for Co-ops
- Borrower's Option to Purchase Fee Interest
- Exceptions to Leasehold Requirements
- Uniform Appraisal Dataset (UAD) 3.6 Policy
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.