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Tag Archives: Fannie Mae

  • conforming loan limits 2019

    2019 Conforming Loan Limit Increase & What It Means For You

    For the third year in a row, the Federal Housing Finance Agency (FHFA) has raised the conforming loan limits. Conforming, otherwise known as conventional mortgages, are underwritten to Fannie Mae or Freddie Mac guidelines. Each year FHFA considers adjusting limits to reflect the average home prices across the country. Because of increased home prices in [...] More  →
  • Fannie Mae Now Excludes Revolving Debts Paid at Closing From Debt Ratios

    For the last few years, even if a person pays off credit cards or lines of credit at closing or before, the payments must be still included in their debt to income ratio. Effective immediately, Fannie Mae will now exclude paid off revolving debts from a borrower’s debt ratio. This can make a huge difference …

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  • conventional loan

    Conventional Loan Options Provide the Most Ways to Buy a Home

    Looking to buy a home? Let me count the ways! A primary residence, second home, rental property, condo, townhome, low down payment, self-employed, commission income, and the list goes on. A conventional loan offers solutions to each of these and more. Basically, conventional loans are loans that conform to Fannie Mae and Freddie Mac guidelines. [...] More  →