Airbnb to help hosts do refi

Airbnb sent out this email to hosts:



Helping hosts lower their mortgage payments

If you’ve tried to refinance your mortgage, you’ve probably discovered that most lenders don’t consider your Airbnb income when evaluating your application.

Thankfully, that’s about to change.

Today, Airbnb, Fannie Mae, and some of the nation’s largest financial institutions are announcing a new initiative to consider home-sharing income when it comes time to refinance your mortgage. Under the new initiative, participating financial institutions have the chance to consider home sharing income earned on Airbnb when hosts in the U.S. apply to refinance their mortgage on their primary residence. The three financial institutions participating in the initiative include Quicken Loans, Citizens Bank, and Better Mortgage.

Here’s how it works:

• If you are a U.S. host and own your home you can apply to refinance your mortgage on your primary residence with Quicken Loans, Citizens Bank, or Better Mortgage

• Be sure to include your Proof of Income from Airbnb with your application

• Complete your application to find out if you qualify

This is a new initiative that is only available to U.S. hosts. We’re excited to test it and learn from the experience. We’ll be in touch with more updates in the future and hope you’ll share your feedback as we go forward.

Learn more
Happy hosting,
Airbnb.