FNMA

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FNMA Conforming Conventional ARM
FNMA Conforming Conventional ARM
  • Intermediate Fixed Period ARM of Five (5), Seven (7) or Ten (10) years
  • Primary, Second Home, and Investment Properties
  • Conforming Loan Limits
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA Conforming Conventional ARM Guidelines
FNMA Conforming Conventional FRM
FNMA Conforming Conventional FRM
  • Loan Terms of 10, 15, 20, 25, and 30 years are eligible
  • Primary, Second Home, and Investment Properties
  • Conforming Loan Limits
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA Conforming Conventional FRM Guidelines
FNMA High Balance ARM
FNMA High Balance ARM
  • Intermediate Fixed Period ARM of Five (5), Seven (7), or Ten (10) years
  • Primary, Second Home, and Investment Properties
  • High Balance Loan Limits, as allowed by location and property type, up to $990,000
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA High Balance ARM Guidelines
FNMA High Balance FRM
FNMA High Balance FRM
  • Loan terms of 15, 20, and 30 years are eligible
  • Primary, Second Home, and Investment Properties
  • High Balance Loan Limits, as allowed by location and property type, up to $990,000
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA High Balance FRM Guidelines
FNMA Home Ready
FNMA Home Ready
  • Loan Terms of 15, 20, and 30 years are eligible
  • Primary residence only
  • Conforming Loan Limits
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Total Maximum Debt to Income = 50%; specific to HomeReady™
  Click here to view FNMA Home Ready Guidelines
FNMA HIGH LTV Refi FRM
FNMA HIGH LTV Refi FRM
  • Loan Terms of 15, 20, and 30 years are eligible
  • Primary, Second Home, and Investment Properties
  • Conforming Loan Limits and High Balance Loan Limits, as allowed by location and property type, up to $990,000
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA HIGH LTV Refi FRM Guidelines
FNMA Conforming Conventional Construction-To-Permanent
FNMA HIGH LTV Refi FRM
  • Intermediate Fixed Period ARM of Five (5), Seven (7) or Ten (10) years
  • Fixed Rate Loan Terms of 10, 15, 20, 25, and 30 years are eligible
  • Primary Residence
  • Conforming Loan Limits
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA Conforming Conventional Construction-To-Permanent Guidelines
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