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Bookmark or Share- Announcement SEL-2024-07: Selling Guide Updates - Fannie MaeAnnouncement SEL-2024-07: Selling Guide Updates. In November, the Selling Guide has been updated to modernize special property eligibility and underwriting considerations for leasehold estates; revise our project review requirements related to properties secured by manufactured homes; update requirements related to the Market Area analysis of ...
- HomeReady vs Home Possible: Compare Side-by-Side - Homebuyer.comThe HomeReady mortgage by Fannie Mae is tailored for low- to moderate-income borrowers. It stands out for low mortgage rates and reduced private mortgage insurance requirements. Key features of the HomeReady mortgage include: A minimum down payment of 3 percent. Income limits set at 80% of the area median income.
- Fannie Mae and Freddie Mac’s Housing GoalsNearly 750,000 households that purchase a single-family home with a mortgage that meets the goals’ requirements will each receive an implicit subsidy averaging nearly $2,300. ... Mac acquired nearly 608,000 mortgages that met the requirements of the goal for low-income households’ purchase loans. In 2012, Fannie Mae and Freddie Mac acquired ...
- HomeReady Mortgage - Fannie MaeNew HomeReady® features offer increased access to homeownership. With a low down payment and expanded financing flexibility, HomeReady offers an ideal solution that works for today's creditworthy low-income borrowers-whether they're first-time or repeat buyers.
- Loan Documents - Fannie MaeLoan Documentation Requirements: Use Form 6000 to identify which documents you need. (Published 10-16-24) Mortgage Loan Package Delivery Requirements: Use Form 6502 (Folders I and III) (published 10-16-24) and Form 6502 (Folder II) (published 8-27-24) to comply with all applicable delivery requirements.
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