Tag: ADU

USDA Accessory Dwelling Units

Question: Does USDA allow accessory units? I have a large main home and a large detached garage with a 2 bed/1 bath apartment above it. NEW MC Accessory Dwelling Unit – All Agency Comparison Answer: USDA does allow ADU’s if the Appraiser determines it is indeed an ADU vs second SFR. This information can be […]

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Fannie Mae Appraiser Update – Dated December 2020

Written by: Lloyd Rutherford, Staff Writer The appraisal can make or break your client’s loan.  You spend all of that time originating and processing a loan only to have it blow up in the appraisal review.  Keeping up with the Facts vs. the Myths helps you close more loans. Rule Synopsis: Fannie Mae publishes a […]

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Will VA Allow Acreage & a Guest House?

Question: Our Veteran client is purchasing a log home on 23 acres in Tennessee.  The property also has a guest house.  What challenges will I face with this type of property? MTP™- Accessory Unit Standards Answer: VA allows properties with Accessory Dwelling Units [Guest House] so this should not present an issue for you if […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-36 – Dated September 2, 2020 – Updated “Grossing Up Income Chart”

Written by: Lloyd Rutherford, Staff Writer Freddie Mac is getting back into the rhythm of guideline changes and clarifications.  This update includes some important changes that may have you considering using Fannie Mae for some types of income! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will […]

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Fannie Mae Selling Guide Announcement SEL–2020-05 – Dated September 2, 2020 – NEW MTP™ Accessory Unit Standards – What You Need to Know!

Written by: Lloyd Rutherford, Staff Writer Trends in living spaces are changing.  Whether it is a young adult living at home or an aging relative, accessory dwelling units are a popular trend.  Read this update to learn important updates from Fannie Mae. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of […]

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