Search Results for: fannie-mae-to-fannie-mae-refinnace

What are Non-Warrantable Condos vs a Warrantable Condo Mortgage

What are Non-Warrantable Condos vs a Warrantable Condo Mortgage

Before you consider buying a condo, it is important to find out if the condo has been approved by Fannie Mae or Freddie Mac, if you are going to use a conventional loan. If you are using a government-insured loan from the FHA, VA, or USDA, the condo project has to be approved by their requirements.

High LTV Refinance – Fannie Mae & Freddie Mac

HARP Replacement - High Loan To Value Refinance

Back in 2009, as the mortgage crisis was slowly ending, many homeowners found themselves in a terrible position; their home was worth much less than their current mortgage balance. To persuade people to stay in their homes and avoid a wave of foreclosures across the country, Fannie Mae and Freddie Mac introduced the HARP plan. […]

Fannie Mae HomeReady® Mortgage Program

Fannie Mae HomeReady® Mortgage

Due to the popularity of the FHA program, Fannie Mae has felt the pinch of competition. In order to serve more people, Fannie May introduced the My Community Mortgage program. This program has been retired and was replaced with the HomeReady® program. The HomeReady® mortgage makes it possible for people with low to moderate-income to […]

Conventional Loan Limits

Conventional Loan Limits

The overall strong real estate market has seen major booms in the last few years. The increase in average prices have led to a change in the Fannie Mae and Freddie Mac conventional loan limits, yet again. For the year 2024, the maximum loan limit amount allowed by either Freddie Mac or Fannie Mae for […]

How To Convert Your Primary Residence To A Rental Property

Converting Your Primary Residence to a Rental Property

Many people reach a place in their life where they are ready to improve on their quality of living. This could mean investing in real estate as a way of improving their monthly cash flow or it could simply mean buying a nice vacation home at the lake, in the mountains, or on the beach. For people who wish to convert their primary home to a rental property there are a few rules and guidelines to follow.

Conventional Loans

Conventional Loans

Conventional loans by Fannie Mae and Freddie Mac are available to a wide range of consumers in order to fit multiple situations.  If you have great credit and a bit of money saved up, it is likely that one of these conventional loans is perfect for you. Combo Loans This is a great way to avoid […]