buying 1st home in virginia: New Fannie Mae (Conventional loan) Guidelines
- 04/26/17 05:26 AM
New Fannie Mae (Conventional) Guidelines
Fannie Mae has announced some changes to their conventional lending guidelines, effective immediately. This is a welcome announcement as the changes make underwriting guidelines more clear, and in some cases more lenient. They also improve pricing for certain borrowers. Have you had buyers turned down over the past 6-12 months because of these guidelines? If so, it's time to pick up the phone and see if they can qualify for a new home loan.
Keep in mind, these are Fannie Mae changes, and not lender-specific changes. That means if your lender … (1 comments)
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buying 1st home in virginia: Northern Virginia Home Buyer Profile-5 TOP Search Criteria
- 02/04/17 06:55 PM
Every region has their strength and weaknesses and a buyer profile. Here is Northern Virginia home buyers common search criteria profile:
Here is Northern Virginia home buyers common search criteria profile:
1. Location: Fairfax, Arlington, Loudoun or Prince William. These are the top 5 counties buyers narrow down from where they have to start their initial house hunt from. I have buyers who will start in Fairfax and end up buying in Loudoun County or the other way around depending on their work and personal life situation.
2. Age of the home: Many of the first time home buyers I work with they don't … (0 comments)
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New Fannie Mae (Conventional) Guidelines
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