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!!

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About lizschneider66

Mortgage consultant with over 18 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.
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