Redfin

AUGUST 5, 2025

A borrower using Freddie Mac, Fannie Mae or an FHA loan must use the home as their primary residence or second home. Consider discussing options such as a life estate, renting back to your parents or buying a second home. The seller may have to pay a gift tax if the gift of equity exceeds $15,000.

Purchase and sale agreement

HomeLight

MARCH 2, 2023

Non-conforming loans are for borrowers who do not fit into the guidelines set by Fannie and Freddie and are not eligible to be purchased by them — jumbo loans are an example of this because they offer loan amounts above the limits set by Fannie and Freddie. Visit this link on the U.S.

Closing

The Close

APRIL 28, 2022

No-cost Rent-back. If the seller needs time to stay after the home is sold, then a no-cost rent-back can give them time to stay in the home long after the home has been sold. The challenge with this strategy arises when your buyer needs a mortgage loan. The key is finding the right solution for both parties.

Rent back

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs.

Inspection