Fannie Mae will allow a borrower to close on their new residence without closing on their old residence if they have executed sales contract. Contact me for further details.

Fannie Mae-Omitting PITI on Unsold Home:  Can I omit the current PITI on a home that is not sold/closed, but one on which we have an executed sales contract? Answer: Yes, please see the reference below. Reference: B3-6-06, Qualifying Impact of Other Real Estate Owned (06/30/2015) Current Principal Residence Pending Sale If the borrower’s current […]

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