Tag: Social Media Posts

Did You Know that Fannie Mae will allow gift funds on both a primary residence and second home? However, they will not allow gift funds on investment property.

Related Article Title: Fannie Mae’s Top FAQs – NEW MTP™ – What is The Difference Between a Second Home and Investment Property? Written by: Lloyd Rutherford, Staff Writer FAQs published by Fannie Mae are a great way to learn a lot in a quick period of time. Read through this latest FAQ release and pick […]

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First-Time Homebuyers! Fannie Mae requires that at least one borrower on the loan take a Homeownership Education class for loans with 5% or less in down payment. It’s a great way to learn more about owning your own home and understand how this will affect your overall financial goals, and it’s FREE!

Related Article Title: Fannie Mae – DU/DO Release Notes DU Version 10.3 December 2019 Update – Dated October 9, 2019 – Effective December 7, 2019 Written by: Lloyd Rutherford, Staff Writer Reading through and understanding the DU/DO release notes helps you get the answers you want or need sooner from the system. There are a […]

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Fannie Mae allows lenders to keep it simple when documenting a gift, by allowing the gift donor to send a certified check to closing. This technique prevents a lot of additional paperwork that your lender will ask for if the gift donor gives you the money directly. If you are getting a gift to purchase your new home, let’s talk first!

Related Article Title: Fannie Mae’s Top FAQs – NEW MTP™ – What is The Difference Between a Second Home and Investment Property? Written by: Lloyd Rutherford, Staff Writer FAQs published by Fannie Mae are a great way to learn a lot in a quick period of time. Read through this latest FAQ release and pick […]

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Think you don’t make enough money to own your own home? There are some great affordable financing programs available, so why don’t you give me a call and let’s talk about your situation.

Related Article Title: Freddie Mac Selling Guide Updates – Bulletin 2019-22 – Dated November 6, 2019 Written by: Lloyd Rutherford, Staff Writer Working in the affordable lending arena is a great niche that with a little education will yield you some excellent results. This article highlights some of the opportunities and recent changes in affordable […]

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Disabled Veterans who are using VA financing for a home loan and are eligible to have their funding fee waived should not close on that loan until the exemption status has been verified.

Related Article Title: VA Funding Fee Guidance – Circular 26-19-17 – Change 1 -Dated 10-17-2019 – New Chart VA Funding Fee Guidance – Old vs. New Written by: Tracey Rumsey, Staff Writer It looks like there were a lot of closing issues related to VA Funding Fee exemption. In this article VA clears up that […]

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