• MPF 125, MPF 35, MPF Original
  • March 21, 2024

MPF Announcement 2024-16

MPF Traditional – Rental Income Updates 

Effective Date: Immediately (unless otherwise noted)

Updated the following rental income requirements:

  • Clarified requirements for documenting rental income used for qualifying and reconciling differences in the way income earned from subject (2–4-unit properties) and non-subject properties.  
  • Updated the use of rental income that can be considered for qualifying purposes for non-subject rental properties that have become rental properties within the last 12 months (investment properties or two- to four-unit primary residences), with that of rental income earned from an eligible subject property. 
  • Clarified the treatment of rental income when multiple rental properties are owned.
  • Amended documentation requirements for lease agreements.

For additional information see MPF Traditional Selling Guide section 5.3.8. Rental Income. 

Contact Us

MPF Service Center

(877) 345-2673