HomeStyle Energy

Fannie Mae Selling Guide Announcement SEL–2019-06 – Dated July 3, 2019

Written by: Lloyd Rutherford, Staff Writer Important updates from Fannie Mae’s seller bulletin, especially for those of you working with HomeReady® Buyers! Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates announced in this Selling Guide Announcement that [...]

2019-07-09T10:50:39-05:00July 10th, 2019|

Fannie Mae Selling Guide Announcement SEL-2018-05 – Dated June 5, 2018 – NEW CHART-Manufactured Homes-All Agencies-UPDATED Chart-Condo Project Reference Chart-UPDATED MTPs™ Fannie Condo Project Approval Rules-Fannie Prohibited Condos, NEW MTP™ – Manufactured Homes Back in Fashion

By: Lloyd Rutherford, Staff Writer Manufactured Homes are becoming a strong and viable alternative in areas where prices have become unaffordable for many buyers.  The new options in this sector are looking pretty nice, and gone are many of the “old stigmas” about manufactured housing.  All originators should take a look at this update to [...]

2018-07-10T10:49:57-05:00July 6th, 2018|

Fannie Mae-HomeStyle® Energy FAQs – Dated February 27, 2018 and HomeStyle® Renovation Mortgage Product Matrix – Dated February 2018

By: Lloyd Rutherford, Staff Writer The first rule of sales is to go to where your market is.  Energy improvements, low inventory with only fixer-uppers left, PACE obligations mean a lot of opportunity if you take the time to learn new programs.  The Fannie Mae HomeStyle Energy program is one of those great programs you [...]

2018-06-11T10:46:54-05:00June 8th, 2018|

Fannie Mae – HomeStyle® Renovation FAQs – Dated March 20, 2018 and HomeStyle® Renovation Mortgage Product Matrix – Dated March 9, 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae is rolling out their best efforts to help origination staff better understand the HomeStyle® program.  Read this article and check out all of the resources on Mortgage Currentcy to help you jump start this niche business! Rule Synopsis: Fannie Mae has published their first version of an FAQ [...]

2018-05-29T17:35:04-05:00April 9th, 2018|

Fannie Mae SEL-2018-02 (2-28-2018) UPDATED (FNMA Form 1035)-(HomeStyle Renovation vs. HomeStyle Energy Chart)-(MTP-Energy Improvement Financing)-(MTP-Using HomeStyle® Energy to Sell More Homes)-(MTP-Fannie Mae HomeStyle® Renovation Loans)

Wow!  Big changes that can impact your business in a positive way are being made to HomeStyle® Renovation and HomeStyle® Energy programs.  If you have not participated in this program, Fannie is now opening it up to all!  Read this article and you may just discover a new niche. Rule Synopsis Fannie Mae is updating [...]

2018-05-31T09:37:03-05:00March 9th, 2018|