fannie mae: What is the Maximum Debt Ratio- (aka DTI) with a Fannie Mae Loan with QM?
- 02/16/14 01:59 PM
What is the Maximum Debt Ratio- (aka DTI) with a Fannie Mae Loan with QM? Much has been written about how QM will result in more credit denials for conventional Home Buyers due to new Federally Mandated restrictions regarding Qualified Mortgage Loans. QM stands for Qualified Mortgages, a definition made in the Dodd-Frank legislation. It went into effect in tandem with ATR, ATR stands for Ability to Repay. This basically codified how and what lenders must verify, document and consider when qualifying borrowers for Fannie Mae Loans under QM/ ATR. most of the qualification steps remain the same … (0 comments)
fannie mae: Enhanced Refinance Options for Spokane Fannie Mae and Freddie Mac Loans - HARP 2012
- 03/31/12 02:17 AM
Enhanced Refinance Options for Spokane Fannie Mae and Freddie Mac Loans - HARP 2012 Fannie Mae & Freddie Mac have both extended and enhanced the HARP Refinance program for 2012 for Spokane homeowners. HARP = Home Affordable Refinance Program for Conventional Conforming loans. This program offers savings for Underwater and upside down Spokane Homeowners! Many homeowners previously denied for Harp Refinance Loans will now qualify. The Regulator for Government run Fannie Mae and Freddie Mac has authorized improvements and an extension on the HARP Refinance initiative in 2012 for Spokane, Washington Homeowners. This is also called the Home Affordable Refinance Program. … (0 comments)
fannie mae: Enhanced Refinance Options for Los Angeles Fannie Mae and Freddie Mac Loans - HARP 2012
- 03/19/12 02:43 AM
Enhanced Refinance Options for Los Angeles Fannie Mae and Freddie Mac Loans - HARP 2012 Fannie Mae & Freddie Mac have both extended and enhanced the HARP Refinance program for 2012 for Los Angeles homeowners. HARP = Home Affordable Refinance Program for Conventional Conforming loans. This program offers savings for Underwater Los Angeles Homeowners! Many homeowners previously denied for Harp Refinance Loans will now qualify. The Regulator for Government run Fannie Mae and Freddie Mac has authorized improvements and an extension on the HARP Refinance initiative in 2012 for Los Angeles, California Homeowners. This is also called the Home Affordable Refinance … (0 comments)
fannie mae: Enhanced Refinance Options for San Diego Fannie Mae and Freddie Mac Loans - HARP 2012
- 03/19/12 02:40 AM
Enhanced Refinance Options for San Diego Fannie Mae and Freddie Mac Loans - HARP 2012 Fannie Mae & Freddie Mac have both extended and enhanced the HARP Refinance program for 2012 for San Diego homeowners. HARP = Home Affordable Refinance Program for Conventional Conforming loans. This program offers savings for Underwater San Diego Homeowners! Many homeowners previously denied for Harp Refinance Loans will now qualify. The Regulator for Government run Fannie Mae and Freddie Mac has authorized improvements and an extension on the HARP Refinance initiative in 2012 for San Diego, California Homeowners. This is also called the Home Affordable Refinance … (0 comments)
fannie mae: Enhanced Refinance Options for Seattle Fannie Mae and Freddie Mac Loans - HARP 2012
- 03/18/12 05:19 PM
Enhanced Refinance Options for Seattle Fannie Mae and Freddie Mac Loans - HARP 2012 Fannie Mae & Freddie Mac have both extended and enhanced the HARP Refinance program for 2012 for Seattle homeowners. HARP = Home Affordable Refinance Program for Conventional Conforming loans. This program offers savings for Underwater and upside down Seattle Homeowners! Many homeowners previously denied for Harp Refinance Loans will now qualify. The Regulator for Government run Fannie Mae and Freddie Mac has authorized improvements and an extension on the HARP Refinance initiative in 2012 for Seattle, Washington Homeowners. This is also called the Home Affordable Refinance Program. … (0 comments)
fannie mae: Enhanced Options for Fannie Mae and Freddie Mac Refinances - HARP 2012 is here
- 01/16/12 04:57 AM
Enhanced Options for Fannie Mae and Freddie Mac Refinances - HARP 2012 is here Fannie Mae & Freddie Mac have extended and enhanced teh HARP Refinance program into 2012 for California homeowners - HARP -Home Affordable Refinance Program for Conventional Conforming loans. The Regulator for Government run Fannie Mae and Freddie Mac has authorized an extension on the HARP Refinance initiative throughout 2012 for California Homeowners. This is also called the Home Affordable Refinance Program. This program allows California homeowners with loans currently owned by Fannie Mae or Freddie Mac to refinance with expanded qualifications such as reduced appraisal requirements, No Maximum Loan … (0 comments)
fannie mae: Homepath financing on Fannie Mae owned REOs/Foreclosures in California
- 08/27/11 01:13 PM
Homepath financing on Fannie Mae owned REOs/Foreclosures in California We offer 95% financing on California Homes being sold by Fannie Mae (FNMA) with no MI required. If you are purchasing a Fannie Mae Owned Foreclosure Property, you may be eligible for our HomePath Fannie Foreclosure Mover Loan. This loan allows you to finance up to 95% of the Purchase price with ZERO Mortgage Insurance (no PMI). 97% Homepath options are available as well - we feel that the 95% option is a better value for our customers, as the 3% down Homepath loan is more costly. Loan amounts … (0 comments)
fannie mae: Fannie & Freddie extend HARP Refinance program into 2012 for underwater homeowners - HARP -Home Affordable Refinance Program for conventional conforming loans.
- 08/20/11 11:31 AM
Fannie Mae & Freddie Mac extend HARP Refinance program into 2012 for underwater homeowners - HARP -Home Affordable Refinance Program for conventional conforming loans. The Regulator for Government run Fannie Mae and Freddie Mac has authorized a 1 year extension on the HARP Refinance initiative until June 2012. This is also called the Home Affordable Refinance Program. This program allows homeowners with loans currently owned by Fannie Mae or Freddie Mac to refinance with expanded qualifications such as reduced appraisal requirements, higher Loan to Values allowable, reduced income documention, etc. The Fannie Mae program is called Harp, Refi Plus or DU Refi Plus. … (0 comments)
fannie mae: HARP Program extended into 2012
- 08/20/11 11:25 AM
Fannie Mae has extended the HARP Loan Program agianHome Affordable Refinance Program until June 30, 2012. They have also increased the number of loans eligible to include all loans delivered to FNMA prior to June 1, 2009. More info on the HARP Program: Fannie Mae Loan Holders - Refinance options are still open for Millions of US Homeowners who have not been able to, or thought they couldn't refinance their Fannie Mae loan due to reduced equity in their home. We are able to Refinance Fannie Mae home loans up to 125% of your current value. We are … (0 comments)
fannie mae: 95% conventional loan in Washington - NO MI required
- 05/18/10 05:23 AM
We now offer 95% financing in Washington with no MI on select foreclosed homes. When you purchase a Fannie Mae Owned Foreclosure Property, you may be eligible for our new Fannie Foreclosure Mover Loan. This new loan allows you to finance up to 95% of the Purchase price with ZERO Mortgage Insurance (MI). Loan amounts up to $417K are eligible up to 95%. This is even available in California, Washington, and Florida with these terms. There are no Declining Market restrictions on this loan program. We also offer these for the High Balance or Conforming Jumbo … (0 comments)
fannie mae: 95% Conventional loan in California - no MI required
- 05/15/10 04:02 AM
We now offer 95% financing in California with no MI on select foreclosed homes. When you purchase a Fannie Mae Owned Foreclosure Property, you may be eligible for our new Fannie Foreclosure Mover Loan. This new loan allows you to finance up to 95% of the Purchase price with ZERO Mortgage Insurance (MI). Loan amounts up to $417K are eligible up to 95%. Requires a minimum of a 680 middle fico and maximum debt ratio of 41%. This is even available in California, Washington, and Florida with these terms. There are no Declining Market restrictions on this … (0 comments)
fannie mae: Case Study for a FHA Refinance
- 03/14/10 07:15 AM
Here is a scenario to show why it can be beneficial to Refinance your loan or loans into a safe, secure, fixed rate FHA Loan. Let's say you live in Seattle, Washington. Your home is worth $600K and you currently owe $460K on your first mortgage, and you have a second mortgage for $100K. Let's say that you used the $100K to completely remodel and upgrade your home. New Kitchen, Baths, flooring, windows, etc. You have put alot of love and effort into your home and want to stay there for a few more years. Your first mortgage is a 5/1 … (0 comments)
fannie mae: Fannie Mae Loan Holders - Refinance options still open for Millions of Homeowners
- 03/08/10 10:42 AM
Fannie Mae Loan Holders - Refinance options are still open for Millions of US Homeowners who have not been able to, or thought they couldn't refinance their Fannie Mae loan due to reduced equity in their home. We are able to Refinance Fannie Mae home loans up to 125% of your current value. We are also able to get the appraisal requirement waived in certain cases (case by case analysis and basis). These refinances do require income documentation, but it is at a reduced level versus the normal requirements. Call us today to find out if you can take advantage of … (0 comments)
fannie mae: 95% conventional financing in California - NO MI!
- 03/14/09 05:38 PM
We now offer 95% financing in California with no MI on select homes. When you purchase a Fannie Mae Owned Foreclosure Property, you may be eligible for our new Fannie Foreclosure Mover Loan. This new loan allows you to finance up to 95% of the Purchase price with ZERO Mortgage Insurance (MI). Loan amounts up to $417K are eligible up to 95%. This is even available in California and Florida with these terms. There are no Declining Market restrictions on this loan program. We also offer these for the High Balance or Conforming Jumbo Loan sizes … (0 comments)
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What is the Maximum Debt Ratio- (aka DTI) with a Fannie Mae Loan with QM?
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