A customizable Condo Buyer's Guide has been added to the offerings in our Marketing Center. Add your logo and contact information
and provide an online or print-ready version to potential condo buyers.
Effective the weekend of July 8, 2017, updated HomeReady income limits will be implemented in Desktop Underwriter (DU) and
in the HomeReady Income Eligibility Lookup tool. Read the Selling Notice for more information.
For a summary of key updates in this Selling Guide Announcement, view the executive perspectives video presented by Jude Landis,
Vice President, Credit Policy, and the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
The following updates were made in May: electronically notarized documents are accepted by Fannie Mae; whole loan ARM commitments
now use the gross mortgage margin; over-delivery limits of whole loan commitments cannot exceed 25%; more flexibility for
whole loan cash back pair-offs; and copies of mortgage documents are allowable documentation.