Mortgage Insurance Coverage Options Matrix July 2019 Freddie Mac Learning This reference provides a summary of Freddie Mac’s mortgage insurance coverage level options. For complete information, refer to Single-Family Seller/Servicer Guide (Guide) Chapter 4701: Mortgage Insurance and Late Charges. standard mortgage insurance (mi)
Fannie Mae Ltv Maximum LTV/TLTV/HTLTV Ratio Requirements for Conforming and Super Conforming Mortgages. Mortgages to borrowers with a credit history that includes a previous mortgage foreclosure or a conveyance of a deed-in-lieu of foreclosure – Guide Section 5202.5 (a) Mortgages that use a Streamline Project Review – Guide Section 5701.4 Note: Minimum.
Fannie Mae (DU) Conventional Loan Matrix- Correspondent Updated 9/16/2019 620+ 95% 90% 85% purchase 75% R/T 2 – 4 Units FICO Score FICO Score 1 Unit/Condo 80% 2 unit: 85% 3-4 Unit: 75% 75% 75% Purchase and R/T Cash-Out 1 Unit/Condo Purchase and Refinance Loan programs max ltv Matrix
Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.
1 Manufactured homes are limited to maximum LTV ratios of 95%. Seller must obtain Freddie Mac’s approval to sell mortgages with annual or monthly premium lender-paid mortgage insurance to Freddie Mac. See Guide Section 4701.1 for additional MI requirements and options including custom MI. COLLATERAL EVALUATION
FNMA HomeReady and FHLMC Home Possible comparison matrix 9/13/2017 information provided deemed reliable but not guaranteed. See Product Profile for complete requirements. Information subject to change without notice. Page 1 of 3 Fannie Mae HomeReady Program Freddie Mac Home Possible Program LTV/CLTV Requirements
listed next to the applicable LLPAs. Not all loans will be eligible for the features or loan-to-value (LTV) ratios described in this Matrix and unless otherwise noted, FHA, VA, Rural Development (RD) Section 502 Mortgages, and HUD Section 184 Mortgages are excluded from these LLPAs. This Matrix is incorporated by reference into the Selling Guide
Renovation Loan Programs Some programs are available nationwide, while others are only available at the state or county level. Find Loans and Other Incentives. Learn about the hud title 1 Property Improvement Loan program. Loan amount and repayment terms are limited based on the type of property. Find out about the 203(k) Rehabilitation Mortgage Insurance Program. This type of mortgage covers the cost of purchasing or refinancing and rehabilitating a home that is at least a year old.
Mortgage Solutions Financial issued a revision to Announcement 22-19C regarding VA Cash Out loans with LTV > 90%. loanDepot Wholesale/Correspondent posted an Announcement updating information relevant.
Fannie Mae Home Property This service is provided for the sole purpose of showing the applicable Area Median Income (AMI) for each applicable census tract. Lender may use the AMI limits for purposes of determining income eligibility for HomeReady or other loans that have AMI requirements.
For refinance transactions, borrowers with an existing FNMA owned mortgage that are not eligible for the DU Refi Plus product may be eligible for this program. The 97% LTV program will be available.
Fannie Mae Ltv Matrix – unitedcuonline.com – This Matrix supersedes any earlier dated version of the Matrix. 04.08.2019 1 of 7 loan-level price adjustment (llpa) matrix provided by Fannie Mae, according to Yardi Matrix. GSP secured the current loan at a fixed 4.24 percent rate for 10 years, with a 30-year amortization period.