limit: Prospect Mortgage - Georgia Exclusive HomePath Program 11-20 Financed - 09/15/12 02:49 AM
 
A brand new Fannie Mae HomePath® opportunity is now available to Georgia investors.  The Fannie Mae HomePath® loan program has now been expanded to allow up to a total of 20 financed properties (including those currently being financed) under an exclusive Prospect Mortgage loan program.  No other lender in the country can offer this special financing to GA buyers.
 
 
Only Prospect Mortgage gives you the opportunity to capitalize on both the below-market prices of foreclosures owned by Fannie Mae and the ability to carry financing on up to 20 investment properties for each investor. Most loan programs allow … (3 comments)

limit: Prospect Mortgage Exclusive - Alabama HomePath Program 11-20 Financed - 09/15/12 02:47 AM
A brand new Fannie Mae HomePath® opportunity is now available to Alabama investors.  The Fannie Mae HomePath® loan program has now been expanded to allow up to a total of 20 financed properties (including those currently being financed) under an exclusive Prospect Mortgage loan program.  No other lender in the country can offer this special financing to AL buyers.
 
 
Only Prospect Mortgage gives you the opportunity to capitalize on both the below-market prices of foreclosures owned by Fannie Mae and the ability to carry financing on up to 20 investment properties for each investor. Most loan programs allow only four to … (0 comments)

limit: Conventional Loan Limits to Remain Unchanged in 2011 - 11/19/10 07:13 AM
Today, Fannie Mae announced that the conventional mortgage loan limits will remain unchanged in 2011 from current limits.  This is no big surprise since they have remained unchanged for a few years now.   
First Mortgage Loan Limits for 2011:

The high-cost area loan limits, will however see a change in 2011.  For high-cost mortgage loans originated in 2011, pursuant to FHFA's announcement, are as follows:
For mortgage loans originated on or before September 30, 2011, loan limits remain unchanged from the 2010 high-cost area loan limits. The maximum limit is $729,750 for a 1-unit property in the continental United States, established under … (3 comments)

limit: Investment Property Limitation - 12/10/08 01:36 AM
Investment Property Limitation
As of October 10th, the maximum LTV on Investment Properties was reduced to 80% (3-4 units remain at 75% LTV).  This reduction was due to the mortgage insurance companies that insure these loans having discontinued MI coverage for this occupancy type.
For Second Home and Investment Property transactions, the max number of financed properties for a borrower has been reduced from 10 to 4.  While Freddie Mac reduced their limit in the summer,  Fannie Mae did not follow until October.
 
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