Dunno what’s going to happen. It’s layers of risk to the system.
From their experience, Rental condos are too big a risk if not owner occupied, there goes the option for non-owner.
That could change tomorrow, next week or never.
If they want to loosen the noose, they would go to one year or no proof of landlord history…
If they want to tighten the noose, they raise it to three years history.
Just like subprime created new options, at some rate and some down payment, somebody will offer you a loan, but as of today, you wouldn’t get the best rate/program.
