Tag: Solar Panels

Fannie Mae Appraiser Update – Dated September 2020 – New MTP™ Solar Panels – When Do They Add Value to Your Property?

Written by: Lloyd Rutherford, Staff Writer Your appraisal can be your best friend or your worst nightmare.  This is why you need to keep up on the appraisal issues facing our industry.  Read this latest update to catch up on appraisal “must-knows”. Rule Synopsis: Fannie Mae publishes a quarterly Appraiser Update in a newsletter format […]

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Fannie Mae SEL–2020-04 – Dated August 5, 2020 and DU Version 10.3 August Update – Dated July 29, 2020 – Updated Solar Panels Chart – All Agencies

Written by: Lloyd Rutherford, Staff Writer Finally, we are getting guideline updates that do not center on COVID!  In this article stay up to date on Fannie Mae’s latest policy updates and changes. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that […]

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VA – Solar Panel Requirements for Qualifying

Question: What amount do you use to cover a solar panel lease agreement when the energy generated is a net credit to the homeowner? Our underwriter is stating that the borrower must qualify for the payment on the lease even though the lease payment is satisfied by the energy generated and the only thing billed […]

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Solar Panel Considerations in CLTV

Question: Do leased solar panels with a lien on the title need to be factored into the CLTV? – Solar Panels – Chart – NEW MTP™ What Every Homeowner Needs to Know About Solar Panel Obligations Answer: Fannie Mae does not address this specifically (whether a leased solar panel lien should be included in CLTV).  […]

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Solar Panels and HERO Loans

Question: We are running into an issue with an FHA Streamline refinance because the HERO loan that is on the title for Solar Panels does not subordinate.  How does FHA handle this? Solar Panels – Chart – NEW MTP™ What Every Homeowner Needs to Know About Solar Panel Obligations Answer: Our understanding is that HERO […]

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