Hello All,
I wanted to push out a new change that recently passed through Fannie’s Guide lines.
On September 10th, Fannie Mae announced it will dropping the max loan to value on standard and My Community Mortgages to 95% on case files initially processed on or after November 16th. This coincides with the release of DU Version 9.1.
This means there will be no more 97% conv. loans after 11/15/13. If you know of anyone on the fence looking and wants to save a little going conv. vs. FHA, let me know and we’ll get them closed out before the cutoff date.
Thanks,
Jason Woods
Community Mortgage Corporation
203(K) Loan Specialist
Office: 662-349-1300
Efax: 901-759-4449
No comments:
Post a Comment