Category: Fannie Mae

Bridge Loans are used by homebuyers when they need to buy & close on another property before they sell & close their former property. Fannie Mae just released new rules that will not count the bridge loan payment against you if you have a contract on your former home and the financing contingency has been cleared! Need to close on your new home prior to selling your old home? Call me first and let’s discuss. 

Related Article Title: Fannie Mae Selling Guide Announcement SEL–2019-09 – Dated December 4, 2019 – NEW Chart – Bridge/Swing Loans – All Agencies Written by: Lloyd Rutherford, Staff Writer Big changes for non-applicant debts in DU as well as new construction real estate tax calculations. Pay close attention to this article to avoid losing any […]

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Manufactured home sellers are really stepping it up when it comes to the look, design and durability of their models! If you have questions about manufactured homes or how to finance them, let’s chat. It just may be the right solution for you! 

Related Article Title: Fannie Mae – New Fact Sheet for Titling Manufactured Homes as Real Property – Dated November 2019 Written by: Lloyd Rutherford, Staff Writer Financing manufactured homes has gotten a lot easier now that Fannie Mae and Freddie Mac have stepped up with education and guidance. This article contains an excellent guidebook to […]

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Fannie Mae Selling Guide Announcement SEL–2019-09 – Dated December 4, 2019 – NEW Chart – Bridge/Swing Loans – All Agencies

Written by: Lloyd Rutherford, Staff Writer Big changes for non-applicant debts in DU as well as new construction real estate tax calculations. Pay close attention to this article to avoid losing any loans! Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that […]

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Fannie Mae – New Fact Sheet for Titling Manufactured Homes as Real Property – Dated November 2019

Written by: Lloyd Rutherford, Staff Writer Financing manufactured homes has gotten a lot easier now that Fannie Mae and Freddie Mac have stepped up with education and guidance. This article contains an excellent guidebook to help you navigate this business vertical to increase your production next year! Rule Synopsis: Fannie Mae created a document to […]

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If you have a student loan with a payment based on your income, it’s a good idea to keep a copy of that agreement to prove your arrangement when applying for home financing. Curious about how a home financing lender counts student loan debt? Let’s Talk! I’m happy to answer your questions.

Related Article Title: Fannie Mae – Student Loans – Documenting Income-Based Repayment Amount Question: My borrower is on an income-based repayment plan for his student loan, which is $0/month. I have a statement showing the $0 payment as well as the credit report showing a $0 payment. However, processing believes I need more documentation that […]

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