More Changes

This weekend will bring more changes to the available conventional loans.

Fannie Mae’s newest version of their Automated Underwriting system brings maximum 95% loan to value on conventional loans. No more 3% down conventional for your great credit clients as an alternative to FHA’s expension mortgage insurance (you have it for the life of the loan!). No more 95% loan to value with one time financed mortgage insurance to get away from monthly mortgage insurance.

If you want any of the above mentioned loan options- get your loan application in this week and make sure it’s run on Fannie Mae AUS 9.0!!


About lizschneider66

Mortgage consultant with over 19 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news. I am Vice President of the North Coast Building Industry Association, Lorain County Association of Realtors, Working Women Connection and Womens Council of Realtors.
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