Category: Fannie Mae

Great News! Conventional Loan limits for one-unit properties have increased to $548,250 in most areas of the US. High-cost area loan limits are now $822,375 for one-unit properties. As property values increase, this is fantastic news for homebuyers as it opens up more home financing programs for you. Loan limits can vary by region and number of units so please contact me for specific details.

Great News! Conventional Loan limits for one-unit properties have increased to $548,250 in most areas of the US. High-cost area loan limits are now $822,375 for one-unit properties. As property values increase, this is fantastic news for homebuyers as it opens up more home financing programs for you. Loan limits can vary by region and number of units so please contact me for specific details.

Related Article Title: NEW 2021 Loan Limits Released by Fannie Mae & Freddie Mac The FHFA Just Released Their New Loan Limits for 2021!  Nice Increase! The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.  In most of […]

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Two Homes on One Lot – Investor

Question: I have an investor who would like to refinance his modular home. He never divided the property yet built a second home on the same property, which does not have a mortgage. Is there a way for him to refinance the modular home? Answer: Unless the appraiser can appraise the home as a two-unit […]

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Forbearance Created Second Lien – Is Client Eligible for Cash-Out?

Question: My client exercised forbearance due to COVID.  The servicer filed a second mortgage on the property for the payments missed.  They are now out of deferment and have made 3 monthly payments on time.  Are they able to do a cash-out refinance and pay off the second mortgage? Answer: Please see and review questions […]

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NEW 2021 Loan Limits Released by Fannie Mae & Freddie Mac

The FHFA Just Released Their New Loan Limits for 2021!  Nice Increase! The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.  In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250, an […]

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Solar Panels & Appraisal Values – When you are considering a property with solar panels, pay close attention to how those panels were paid for.  This can impact your appraised value!  I have a fact sheet that I’m happy to share.  Just comment below!

Solar Panels & Appraisal Values – When you are considering a property with solar panels, pay close attention to how those panels were paid for.  This can impact your appraised value!  I have a fact sheet that I’m happy to share.  Just comment below!

Related Article Title: Fannie Mae Appraiser Update – Dated September 2020 – New MTP™ Solar Panels – When Do They Add Value to Your Property? Written by: Lloyd Rutherford, Staff Writer Your appraisal can be your best friend or your worst nightmare.  This is why you need to keep up on the appraisal issues facing […]

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