Share the new HOME by Fannie Mae app with borrowers.
Find more information on the Pricing & Execution page.
This free online tool may help identify sources of down payment assistance for your borrowers. This is a third-party website that is not managed or backed by Fannie Mae. This hyperlink is provided for lender information and convenience only, and the tool is not endorsed by Fannie Mae.
To meet the homeownership education requirement for a HomeReady mortgage, borrowers must complete the online Framework education program. Borrowers seeking additional assistance also can be referred to a HUD-approved counseling agency.
The update includes clarifying the requirements for making modifications to single-closing construction-to-permanent loans; update to reflect the changes to the risk factors in DU Version 10.0; policy update on lender self-report obligations related to compliance with laws; clarifying and expanding the options for lenders in calculating student loan payment; adding references to Condominium Project Questionnaires; and other miscellaneous updates and changes.
Housing Industry Forum shares updates made to Fannie Mae’s popular HomeStyle Energy program.
The update includes enhancing the policies for financing energy improvements; simplifying the multiple financed properties policy; removing the special lender approval requirement to deliver Texas Section 50(a)(6) loans; clarifying several project-related flood insurance coverage requirements; and other miscellaneous updates and changes.
Access the Guide via the link below or AllRegs.com.
This comprehensive publication guides borrowers through the process of becoming a landlord.