ARCHIVED BLOG POSTS
Fannie Mae and Freddie Mac have announced that the loan limits for Colorado will remain the same in 2012. Here are the limits for the Metro Denver counties:• One unit = $417,000 • Two units = $533,850• Three units = $645,300• Four units = $801,950 If the loan amount is at or below the limits list...
If someone is buying a second home or an investment property, Fannie Mae allows financing for up to 10 properties to the same borrower, and so do we!Here are the restrictions: Minimum credit score is 720 For second homes and 1-unit investment property purchase transactions, the down payment is 25...
Ever wondered how long you have to wait after a bankruptcy, foreclosure, or short sale before being able to qualify for a new mortgage? Check out the table below for all the answers. NOTE: For all loans, the borrower must have “re-established credit” after the bankruptcy, foreclosure, or short sa...