Brandon Butler

When you purchase new construction, the actual property taxes (if paid in arrears in that state) may be lower because those taxes were based on undeveloped land. The lender will qualify you based on the property taxes adjusted for residential use. Sometimes homebuyers are shocked to see how much their tax liability goes up after the first year of buying a new construction home, so lenders check to make sure the buyer will not experience payment shock when that happens.

Related Article Title: Freddie Mac Selling Guide Updates – Bulletin 2019-16 – Dated July 10, 2019 Written by: Lloyd Rutherford, Staff Writer Freddie Mac issued a bulletin with a lot of details a lender needs to review. Read through this article as our expert points out what you need to know. Rule Synopsis: Freddie Mac […]

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Freddie Mac Selling Guide Updates – Bulletin 2019-16 – Dated July 10, 2019

Written by: Lloyd Rutherford, Staff Writer Freddie Mac issued a bulletin with a lot of details a lender needs to review. Read through this article as our expert points out what you need to know. Rule Synopsis: Freddie Mac issues Bulletin 2019-16 with a number of topics, including an update on the AMI change to […]

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Big changes coming! The Fannie Mae HomeReady® program has changed their income guidelines so they are now more restrictive. If you need this program, we must get their application in prior to July 20th! Contact me for details.

Related Article Title: Fannie Mae Selling Guide Announcement SEL–2019-06 – Dated July 3, 2019 Written by: Lloyd Rutherford, Staff Writer Important updates from Fannie Mae’s seller bulletin, especially for those of you working with HomeReady® Buyers! Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the […]

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Fannie Mae – FAQs for Appraisal Waivers – Dated June 24, 2019 – NEW MTP™ – Fannie Mae Properties Eligible for Appraisal Waivers

Written By: Lloyd Rutherford, Staff Writer Appraisal waivers are fantastic if your file qualifies for them! Keep up to date with this most recent FAQ from Fannie Mae on this subject. Rule Synopsis: Fannie Mae has updated their FAQ document for appraisal waivers. Interpretive Comments: I think we can all agree that any advance we […]

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Freddie Mac Selling Guide Updates – Bulletin 2019-14 – Dated June 19, 2019 – NEW MTP™ Freddie Mac ChoiceRenovation® Program

Written by: Lloyd Rutherford, Staff Writer More options for those of you in markets with lower inventory! Check out the new updates in Freddie Mac’s renovation program. I think you’re going to like how this program will help you generate more business. Rule Synopsis: Freddie Mac is updating their selling guide to introduce their newest […]

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