Tag: Fannie Mae/Freddie Mac

True or False?  If you have late payments on your credit cards you cannot get a home loan.  [Originators, reach out to those who respond and offer them your services.]

True or False?  If you have late payments on your credit cards you cannot get a home loan.  [Originators, reach out to those who respond and offer them your services.]

Related Article Title: How Many “Multiple Lates” Disqualifies a Borrower? Question: My client has multiple late payments on their credit card, including 4 that are 30-60-days late, 1 that is 60-90 days late and 2 that are 90+ days late.  Will this disqualify them from a home loan regardless of credit score? Answer: It all […]

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Did you know that DU-approved conventional loans do not require collections or non-mortgage charge offs to be paid off as long as the financed property is a one-unit primary residence? Need more details?  PM me and let’s chat!

Did you know that DU-approved conventional loans do not require collections or non-mortgage charge offs to be paid off as long as the financed property is a one-unit primary residence? Need more details?  PM me and let’s chat!

Related Article Title: Medical Collections & Investment Property Financing Question: How do Fannie Mae and Freddie Mac look at medical collections for an investment property? MC Chart – Collections & Judgments Answer:For Fannie: DU Underwritten Loans For one-unit, principal residence properties, borrowers are not required to pay off outstanding collections or non-mortgage charge-offs—regardless of the […]

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Not all conventional loan guidelines are the same!  Sometimes the agencies known as Fannie Mae and Freddie Mac can differ in their opinion.  This may mean that one is more favorable to a client than another based on the situation.  That is why it is important to work with a lender who can offer you both types of conventional financing.

Not all conventional loan guidelines are the same!  Sometimes the agencies known as Fannie Mae and Freddie Mac can differ in their opinion.  This may mean that one is more favorable to a client than another based on the situation.  That is why it is important to work with a lender who can offer you both types of conventional financing.

Related Article Title: Is a Waiting Period Waived for Derogatory Credit for High Credit Score Buyers? Question: I have heard that Freddie Mac no longer has a waiting / time period from bankruptcy and foreclosure as long as the declarations are marked correctly, and you have an LP approval. However, I cannot find this anywhere […]

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Did you know that there are home financing programs that offer lower down payments and other benefits if you meet the income guidelines? Lenders create these programs to help lower- to middle-income buyers own their own home. Contact me and let’s explore your options.  You may be closer to owning your own home than you think!

Did you know that there are home financing programs that offer lower down payments and other benefits if you meet the income guidelines? Lenders create these programs to help lower- to middle-income buyers own their own home. Contact me and let’s explore your options.  You may be closer to owning your own home than you think!

Related Article Title: Fannie Mae HomeReady® Income Limit Changes and Freddie Mac HomePossible® Income Limit Changes for 2020 – Dated June 3, 2020 and June 29, 2020 Written by: Lloyd Rutherford, Staff Writer HomeReady® and HomePossible® are great programs for those clients who meet the required income limits.  Read through this article to explore how […]

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If you have been financially impacted by COVID-19 you may be wondering how this will affect your ability to purchase a new home or refinance your existing home. I have the answers, so let’s chat and work out a solution for you!

If you have been financially impacted by COVID-19 you may be wondering how this will affect your ability to purchase a new home or refinance your existing home. I have the answers, so let’s chat and work out a solution for you!

Related Article Title: Fannie Mae – Updated FAQs for COVID – Dated July 1, 2020 and Freddie Mac – Updated FAQs for COVID – Dated July 1, 2020 Written by: Lloyd Rutherford, Staff Writer What to do with COVID-19, and its impact on your clients, continues to evolve with the agencies.  Read through this update […]

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