Fannie Mae

Breaking News! The HomeReady® Program dealt a blow to this very popular program. They will now require that EVERYONE meet the income limits of 80% of area median income vs. the former 100%.  This is effective July 20th so we still have time to help you with this low down payment program. PM Immediately if you are even considering buying a home

Related Article Title:  Fannie Mae Lender Letter LL-2019-06 – Dated June 5, 2019 – Effective July 20, 2019 Written by: Lloyd Rutherford, Staff Writer If you work with the HomeReady program, this is an update that may blow up your loans if you do not pay attention. Severe changes to this program will soon go [...]

2019-06-07T13:55:49-05:00June 10th, 2019|Fannie Mae, Social Media Posts|

Important Alert! The HomeReady® Program will no longer allow “no income limits” in any area of the country, even the low-to-moderate for which it was created. If you are on the fence about buying, we have until July 20th to get your application in under this program. PM me!

Related Article Title:  Fannie Mae Lender Letter LL-2019-06 – Dated June 5, 2019 – Effective July 20, 2019 Written by: Lloyd Rutherford, Staff Writer If you work with the HomeReady program, this is an update that may blow up your loans if you do not pay attention. Severe changes to this program will soon go [...]

2019-06-07T13:54:50-05:00June 10th, 2019|Fannie Mae, Social Media Posts|

Fannie Mae Issues Updated Fact Sheet(s) for their PERS Process – Dated May 2019

Written by: Lloyd Rutherford, Staff Writer Condominium approvals are not for the faint of heart. In this update, Fannie Mae give you some tips to make the complex less complex. Rule Synopsis: Fannie Mae has updated their PERS Eligibility Overview and “Getting Started” Guide. The “Getting Started” Guide outlines the process of collection of documents [...]

2019-06-07T14:08:54-05:00June 10th, 2019|

Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 July 2019 Update – Dated May 21, 2019 – Effective July 20, 2019

Written by: Lloyd Rutherford, Staff Writer DU users this is an important update that will clarify some recent changes that you need to know and one that none of us expected to see! Rule Synopsis: Fannie Mae announces an update to their newest DU Version: DU Version 10.3. The changes announced in this release will [...]

2019-06-07T10:43:05-05:00June 10th, 2019|