Conventional LoansJanuary 5, 2021Conventional loan home requirements: Is an inspection required?Conventional loans have a few basic property standards, but no in-depth home condition requirements. You likely want a home inspection anyway.
About MortgagesOctober 18, 2019Fannie Mae vs. Freddie Mac: What’s the difference?Knowing the difference between Fannie Mae and Freddie Mac can help you get approved for a mortgage. Here's what you need to know.
About MortgagesOctober 11, 2019Fannie Mae (FNMA): What it is and how it affects your mortgageFor millions of Americans, Fannie Mae has a lot to do with whether or not you qualify for a mortgage and how much you'll pay. Here's what you should know.
About MortgagesOctober 11, 2019Freddie Mac (FHLMC): What it is and how it affects your mortgageFor millions of Americans, Freddie Mac has a lot to do with whether or not you qualify for a mortgage and how much you'll pay. Here's what you should know.
Buying a homeOctober 2, 2019Qualifying for a mortgage can be hard with high DTI. A new rule in 2020 could change thatDebt-to-income requirements can make it harder to get a mortgage if you have lower income or live somewhere expensive. A new rule in 2020 could change that.
Conforming MortgagesMarch 16, 2019Freddie Mac’s Home Possible Versus Fannie Mae’s HomeReady: Which Is Better?Home Possible Advantage, offered by Freddie Mac, and HomeReady, offered by Fannie Mae, are similar programs for homebuyers without large down payments. Here's an explanation of the program differences, and how they might matter to you.
About MortgagesJanuary 16, 2019Government shutdown and mortgage news: Things just got tougher for mortgage applicantsWhat's happening with the government shutdown and mortgage closings? Find out how you will (or won't) be affected.
Conforming MortgagesDecember 12, 2018Report: Holders of larger mortgages save more when rates dropA mortgage rates drop can save you money. Be sure you're ready to take advantage when this occurs.
About MortgagesMarch 3, 2018Fannie Mae renovates its HomeStyle® mortgagesFannie Mae Homestyle® mortgages are now better than ever, thanks to higher loan-to-values, increased remodeling budgets and expanded property guidelines.
About MortgagesJanuary 30, 2018You don’t have to pay your back taxes to get a mortgageCan you get a mortgage if you owe back taxes? Fannie Mae says you can, if you follow these tips.
Buying a homeJuly 10, 2017Rising Mortgage Rates Affect Home Affordability, But Less Than You ThinkRising mortgage rates mean higher payments, and that impacts home affordability. But the relationship is more complicated than that, and the news may not be as bad as you think.
Conforming MortgagesMarch 14, 20172024 Mortgages Are Different: Fannie Mae Changes You Need To KnowConforming mortgages this year will be a little different, thanks to changes at Freddie Mac and Fannie Mae. Here are the ones most likely to affect you
Conforming MortgagesJanuary 19, 2016“Expensive” Homes Easier To Mortgage Under New Mortgage RulesFannie and Freddie have made it easier for home buyers in "high-cost" areas to get mortgage-approved. Rates are now lower and mortgage standards more loose.
Conforming MortgagesJune 17, 20152015 Conforming Mortgage Loan Limits For Loans Via Fannie Mae And Freddie MacFannie Mae and Freddie Mac set conforming loan limits for the country. The complete 2015 loan limits, plus a lookup chart by U.S. county. Analysis and live rates.
Conventional LoansApril 8, 2015Conventional Loan 3% Down Available Via Fannie Mae & Freddie MacFannie Mae's Conventional 97 mortgage program is official. Just 3% down and ultra-low mortgage insurance rates. Easy-to-follow guidelines.
Conforming MortgagesDecember 2, 20122013 Jumbo Loan Limits : Loan Sizes Up To $625,500For 2013, conforming loan limits range to $625,500 for a purchase and $729,750 for a refinance.
Conforming MortgagesSeptember 12, 2012Improve Your Mortgage Approval : The Income-Equity-Credit TriangleMortgage underwriting may be strict, but there's no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle.
Conforming MortgagesDecember 10, 2010Winter 2011 : “Cheat Sheet” For The New Fannie Mae GuidelinesIn Winter 2011, Fannie Mae changed its mortgage guidelines to favor personal income over personal assets. Check the "Cheat Sheet" to see how you'll be affected.
Conforming MortgagesNovember 30, 20102011 Conforming Mortgage Loan Limits By County, Including “Normal” and “High-Cost” AreasIn 2011 -- for the 6th consecutive year -- the single-family conforming mortgage loan limit will be $417,000. The "high-cost" area program is extended, too.
Conforming MortgagesSeptember 29, 2009Fannie Mae To Get Tougher On Mortgage Insurance, Income Levels and Credit ScoresFor the second time in 10 weeks, Fannie Mae is toughening its mortgage guidelines again. Again. According to an internal Fannie Mae document, a review of the group's current "risk appetite, eligibility requirements, mortgage insurance options, and pricing" spawned changes spanning credit scoring, income requirements, loan-level pricing adjustments.