Real estate blog entries tagged with fannie mae du changes by George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut

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Home : Blogs : George Souto : George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut : Tag "fannie mae du changes"

fannie mae du changes: New Fannie Mae Automated Underwriting (DU) Eligibility Changes. - 12/12/09 09:54 PM

Today Fannie Mae released Automated Underwriting (DU) Version 8.0 and these changes are bound to have a big impact especially on multi-family houses. Some of the changes included in this release are as follows:
Minimum FICO score 620 (was 580) 2 Unit Owner Occupied Property - maximum LTV 80% for purchase & rate/term refinance (was 90%) 2 Unit Owner Occupied Property - maximum LTV 75% for cash out refinance (was 85%) 2 Unit Investment Property - maximum LTV 75% for purchase & rate/term refinance (was 80%) Unit Investment Property - maximum LTV 70% for cash out refinance (was 75%) In addition to the eligibility … (59 comments)

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George Souto

Middletown, CT

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George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut

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