Fannie Mae-Freddie Mac Exempt Monthly Debts Guidelines On Conventional Loans Gift-funded Down Payments for Mortgage – The more conservative underwriting guidelines for Fannie Mae gift-funded down payments aim to ensure only qualified applicants receive these loans. Credit scores of 720 or higher (versus minimum.

Selling Guide – Fannie Mae – When sweat equity is accepted toward the down payment, the borrower must contribute at least 3% from his or her own funds. For one-unit properties, a minimum down payment of 5% is required – 2% sweat equity and maximum LTV ratio of 95%.

Fannie and Freddie to Increase Down-Payment Requirements – Higher Down-Payment Requirements for Borrowers. The joint report from Treasury and HUD also spells out some new requirements for down payments. Specifically, they want to increase the down-payment requirements for conforming mortgage loans – loans that can be sold to Fannie and Freddie.

3% Down Payment Mortgage : Know Your Options – First-time homebuyers who can’t afford a large down payment but would otherwise qualify for a home loan may be eligible for a 3% down payment mortgage. If you’re good at managing your credit and meet certain requirements, this could be the option for you.

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Top Trending Questions – Fannie Mae – Top Trending Questions. See a list of top trending questions from lenders and servicers received from the Selling Guide Support Team and Servicing Solutions Center.

Fannie Mae HomePath: 5% Down Payment, No Appraisal, No PMI – These properties allow borrowers to buy a Fannie Mae-owned home with easier requirements than a traditional loan. The main benefits are: You can buy a home with a 5% down payment (Note: Before November 16th, 2013, only a 3% down payment was required. It has been increased to 5%). No appraisal is required; No private mortgage insurance is required

Higher mortgage fees for low down payments and credit scores – The lower your credit score and the smaller your down payment, the higher the add-on fees charged by Fannie and Freddie. Mortgage insurers say they were forced to make the pricing revisions because.

The Fannie Mae HomeStyle Renovation Mortgage Guidelines – If you want to do it right after purchasing a home, it might not be a possibility for you after you make your down payment and pay the closing costs. One option you can utilize if you qualify for conventional financing is the Fannie Mae HomeStyle Renovation Mortgage.

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B3-4.3-04: Personal Gifts (09/29/2015) – Fannie Mae | Home – 1 After the minimum borrower contribution has been met, gifts can be used to supplement the down payment, closing costs, and reserves. See B5-6-03, HomeReady mortgage underwriting methods and Requirements, for HomeReady mortgage minimum borrower contribution and down payment requirements.