Category: Fannie Mae/Freddie Mac

No Credit Score?  There are home financing programs available for people who do not have a credit score, so don’t let that hold you back!  Let’s discuss your situation to find out some of your options.

Related Article Title: Conventional Loans with No Credit Score? Question: Can you get a Conventional loan with no traditional credit and no credit scores?  If so, what are the parameters,  and guidelines that must be met? Answer: Yes, both Freddie Mac and Fannie Mae will allow it.  However, Freddie allows you to go to 95% […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Conventional Loans with No Credit Score?

Question: Can you get a Conventional loan with no traditional credit and no credit scores?  If so, what are the parameters,  and guidelines that must be met? Answer: Yes, both Freddie Mac and Fannie Mae will allow it.  However, Freddie allows you to go to 95% LTV vs a 90% LTV max allowed by Fannie, […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Most home loan lenders require a client to pay a portion of their property taxes, and insurance(s) each month as part of their house payment. This portion collected by the lender each month goes into an account called an escrow account that is used to pay the property tax bill and insurance policies. This is a great way for homeowners to pay a little over time vs. getting a huge bill once or twice a year that may strain their budget.

Most home loan lenders require a client to pay a portion of their property taxes, and insurance(s) each month as part of their house payment. This portion collected by the lender each month goes into an account called an escrow account that is used to pay the property tax bill and insurance policies. This is a great way for homeowners to pay a little over time vs. getting a huge bill once or twice a year that may strain their budget.

Related Article Title: Will Fannie or Freddie allow an escrow waiver for flood insurance? Question: Do either Fannie Mae or Freddie Mac allow escrow waivers when a property is in a flood zone, or is it mandatory to escrow? Flood Insurance Requirements – All Agency Chart Answer: Escrow waiver policies for Fannie Mae and Freddie […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

If English is not your first language, you may feel intimidated by the home financing process. We have resources to help you understand financing a home that are written in your native language. Contact me and let’s discuss.

Related Article Title: Fannie Mae & Freddie Mac – Resources for Limited English Proficient Borrowers Written by: Lloyd Rutherford, Staff Writer Fannie Mae, Freddie Mac and the CFPB are making it easier for lenders to step outside of their comfort zone when it comes to providing loan documents in other languages. This update reviews what […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Fannie Mae & Freddie Mac – Resources for Limited English Proficient Borrowers

Written by: Lloyd Rutherford, Staff Writer Fannie Mae, Freddie Mac and the CFPB are making it easier for lenders to step outside of their comfort zone when it comes to providing loan documents in other languages. This update reviews what is now available for lenders to easily use. Rule Synopsis: The GSE’s (Fannie Mae and […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top