loan product advisor Documentation Matrix . Use the following information as a reference for documenting your Loan Product Advisor loans. For complete documentation information and specific program eligibility requirements, refer to the. Freddie Mac Single-Family Seller/Servicer Guide (Guide).
Product Matrices – First Guaranty Mortgage Corporation – Correpsondent Division
we put together this matrix showing different guidelines for HomeReady and Home Possible for purchase transactions. These guidelines are Fannie Mae’s and Freddie Mac’s and current as of Oct. 29, 2018. We allow for 100% gift funds on loans up to 97% LTV and credit scores down to 620. For complete MGIC Underwriting
CONVENTIONAL MATRIX Max Loan Amount Maximum LTV Maximum TLTV/HTLTV Min FICO Max Ratios Minimum Cash Investments Mortgage/ Rental History Reserves LP Accept LP Accept LP Accept LP Accept $417,000 2 Unit – $533,850 3 Unit – $645,300 4 Unit – $801,950 100% of borrowers own funds required 620* 620* $417,000 620* 620* 620* LP Accept LP Accept.
Non Agency Loan As shown below, the states with the largest percentage of mortgage loans backing the Non-Agency RMBS securities are California, Florida, New York, Texas, and New Jersey. These percentages may change slightly over time as defaults, foreclosures, and principal repayments, among other loan-level activity, will affect the outstanding balance of the Non-Agency RMBS.The following information will be.
of loan closing as permitted by Fannie Mae or Freddie Mac. Borrower may only have one CHFA-financed property at a time. underwriting LTV/Combined LTV Minimum LTV 80%; Maximum ltv 97% ltv/105% cltv Manufactured housing: Maximum 95% LTV/105% CLTV (Fannie Mae only; not eligible with Freddie Mac) Land Trust/ Deed Restriction/ Covenants
See chart below for LTV/TLTV/HTLTV ratios and other requirements for a "no cash-out" refinance of a mortgage currently owned or securitized by Freddie Mac.
Fannie Mae Form 1077/Freddie Mac Form 477 (Short Form), or like form Conventional Condo-PUD Warranty Master insurance policy declaration page . F. ULL . R. EVIEW . P. ROCESS . A. TTACHED . U. NITS. See Client Guide for complete and more specific requirements on the following topics: Budget and reserve study Shared amenities
Freddie Mac Multifamily has a full roster of All-Stars: team players who go further for our company and our customers. meet steve Lansbury, senior vice president of Underwriting and Credit. Read More. Assessing Rental Burden in Metropolitan Areas.
· Freddie Mac announced its Home Possible Advantage program, an affordable conforming, conventional mortgage with a 3% down payment to help more first-homebuyers and other qualified borrowers jump.
Fnma Jumbo Loan Limits Regulator eyes lower Fannie, Freddie loan limits to shrink govt role – The federal housing finance agency (fhfa) wants to reduce the so-called conforming loan limits. Fannie Mae and Freddie Mac. The average interest rate for a 30-year-fixed rate conforming mortgage is.
Revised 10/29/2015 Version 4.6 Overlays to Freddie Mac guidelines are underlined Most recent updates in red font Correspondent Lending Freddie Mac Standard Fixed Rate Product Profile ELIGIBILITY MATRIX & SUMMARY GUIDELINES