Fannie Mae will allow an occupying co-borrower to be on the note and not the deed and still allow maximum financing of 97%.

Related Article Title: Fannie Mae – HomePossible™- Borrowers on Title:  If an occupying co-borrower wants to be on the note but not the deed, will the down payment be 3% or 5%?  [MC Chart – 97% Fannie Vs. Freddie Chart] Answer: If all borrowers are occupying, then 3% is acceptable.  It sounds like they are […]