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#1655320 - 01/24/12 10:06 PM Second Home Rider
traveler Offline
100 Club
Joined: May 2010
Posts: 180
Alabama
Is it correct that you do not need a 2nd Home Rider document on a construction loan? Our loan platform vendor is telling us that it is only needed on a "single family real estate security instrument" - a Fannie Mae/Freddie Mac document.

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Lending Compliance
#1655325 - 01/24/12 10:26 PM Re: Second Home Rider traveler
RulesFollower Offline
100 Club
Joined: Oct 2011
Posts: 185
Correct. We attach the appropriate riders to the perm DOT/MTG and if the perm is just a Modification then they don't get added at all....crazy, huh?

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