HomePath loans from Fannie Mae provide home buyers an opportunity to purchase a home with low down payment, no PMI, no appraisal, and Seller paid closing costs. Owner Occupants and Investors are welcome to enjoy the benefits of HomePath…. Continue Reading
Tag Archives: Fannie Mae
Fannie Mae Gets Tough(er) On Borrowers. Again.
Fannie Mae raised the bar for mortgage applicants this past weekend. Getting approved for a home loan just got harder. In its official announcement, Fannie Mae says the updates minimize long-term lending risks. If that’s the case, this won’t be the last guideline change Fannie Mae makes — especially with loans defaulting at an above-normal… Continue Reading
Fannie Mae Restricts 2-Unit Borrowing
For the first time in nearly six months, Fannie Mae is imposing strict, new guidelines on American homeowners. This time, the hardest hit demographic is owners of 2-unit homes. In its official announcement, Fannie Mae listed the following changes to its 2-unit financing programs, separated by occupancy type. Primary Residence Purchase: Maximum loan-to-value drops to 80%; FICO minimums reset… Continue Reading