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The Eligibility Matrix provides the comprehensive LTV, CLTV, and HCLTV ratio requirements for conventional first mortgages eligible for delivery to Fannie Mae. The Eligibility Matrix also includes credit score, minimum reserve requirements (in months), and maximum debt-to-income ratio requirements for manually underwritten loans.
6 kwi 2022 · The following table describes the eligibility, underwriting, and other requirements for the RefiNow option. All standard Selling Guide requirements apply unless otherwise indicated below.
Fannie Mae’s Refi Plus initiative offers refinancing flexibility to eligible borrowers who are current on their loans and whose loans are owned or guaranteed by the company and meet certain additional criteria.
PRODUCT DESCRIPTION First lien, fully amortizing, Fannie Mae Conforming DU Refi Plus; fixed rate only. The existing mortgage MUST be a Fannie Mae owned or guaranteed first lien mortgage. DU findings must indicate that the borrower and subject property address are DU Refi Plus eligible.
7 maj 2001 · Note: Loans that are part of a risk-sharing structure (for example, credit risk transfers) are eligible to be refinanced under the high LTV refinance option. Conversely, the following loans are not eligible for refinance under the high LTV refinance option: existing DU Refi Plus TM or Refi Plus TM loans;
Updates to Eligible Existing Loan Requirements for DU Refi PlusTM Mortgage Loans. Fannie Mae is updating the eligibility requirements for mortgages with certain types of credit enhancement or mortgage insurance coverage for DU Refi Plus mortgage loans.
31 sie 2023 · Discover the Fannie Mae High-LTV Refinance Option: its features, benefits, eligibility, and how it compares to other refinancing avenues for homeowners.
