Fannie Mae Made It Easier to Qualify for a Mortgage July 29, 2017

Fannie Mae Allows Co Signors to Help Buyers Qualify. So if a borrower cannot get under the 50% ratio requirement, then there is another great Fannie solution. A co signor on the loan could help lower a debt ratio. Check out our article explaining "How a Mortgage Co signor May Help You Qualify for a First Home".

Fannie Mae loans can be especially useful for first-time homebuyers, since these borrowers can qualify for a down payment as low as 3%. You may qualify for a Fannie Mae loan if your debt-to-income.

If you don’t make much money, don’t let go of your home. This program, another from Fannie Mae, looks similar to an FHA loan. If you qualify, it might even be better. The program offers up to 97%.

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July 28, 2017 02:29 PM Great news homebuyers, it is now easier to qualify for a fannie mae conventional mortgage. Effective July 29 Fannie Mae has made changes to their automated underwriting engine.

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Alternatively, Fannie Mae made it easier to qualify for a mortgage by raising its DTI maximum from 45% to 50% in July. This opens doors for additional borrowers with good credit . Additionally, it increases the ability to make a reasonable down payment to obtain a home mortgage.

Fannie Mae loans can be especially useful for first-time homebuyers, since these borrowers can qualify for a down payment as low as 3%. You may qualify for a Fannie Mae loan if your debt-to-income.

Thankfully, Fannie Mae made it easier to qualify for a mortgage by raising its DTI maximum from 45 percent to 50 percent in July. "This opens doors for additional borrowers with good credit. And it increases the ability to make a reasonable down payment to obtain a home mortgage," says Baker.

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