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You are probably asking about the owner-occupancy requirements relative to the tenant-occupancy rates in the community.
Lately, this has been a moving target, with several changes and adjustments being made by Fannie Mae during the past 12 months.
Your local realtor can help you determine the current requirements for the area where you plan to seek a mortgage on a condominium unit.
What else can I help you with?
What are the requirements for bidding on a Fannie Mae property?
To bid on a Fannie Mae property, potential buyers typically need to be pre-approved for financing or have proof of funds if purchasing with cash. Bidders must also register with Fannie Mae's online auction platform, HomePath, or work with a licensed real estate agent familiar with the process. Additionally, it's essential to review the property’s listing for specific requirements and conditions related to the bidding process.
What does DU refi plus mean?
DU Refi Plus is a program from Fannie Mae that facilitates streamlined refinancing for existing Fannie Mae borrowers. It allows homeowners to refinance their mortgages with fewer documentation requirements, making the process quicker and more accessible. This program is especially beneficial for those looking to take advantage of lower interest rates or to access home equity without extensive paperwork. Overall, DU Refi Plus aims to simplify refinancing and promote homeownership stability.
How do you serve Fannie Mae?
Serving Fannie Mae involves providing support in areas like loan origination, underwriting, and servicing to ensure compliance with their guidelines and requirements. It includes offering products that meet their standards, managing risk effectively, and facilitating the secondary mortgage market. Additionally, maintaining clear communication and reporting to Fannie Mae about loan performance and market conditions is essential for successful partnership.
What is the definition of fannie Mae sam vendor?
A Fannie Mae SAM vendor is a company that has been approved by Fannie Mae to perform work for them.
What is the origin of fannie in Fannie Mae?
The term "Fannie Mae" comes from the abbreviation for the true name of Fannie Mae--the Federal National Mortgage Association (FNMA). FNMA is a government-sponsored entity. For more, see http://www.fanniemae.com/kb/index?page=home&c=aboutus
What are the requirements for bidding on a Fannie Mae property?
To bid on a Fannie Mae property, potential buyers typically need to be pre-approved for financing or have proof of funds if purchasing with cash. Bidders must also register with Fannie Mae's online auction platform, HomePath, or work with a licensed real estate agent familiar with the process. Additionally, it's essential to review the property’s listing for specific requirements and conditions related to the bidding process.
What is the birth name of Fannie Chaney?
Fannie Chaney's birth name is Fannie Lee Roberth.
What is the nationality of fannie farmer?
Fannie Farmer was American.
What are the qualifying requirements for the HARP mortgage program?
There are some income and financial requirements that you must meet in order to qualify for the HARP program. These requirements include that the mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac and the borrower must be current on the mortgage.
What does DU refi plus mean?
DU Refi Plus is a program from Fannie Mae that facilitates streamlined refinancing for existing Fannie Mae borrowers. It allows homeowners to refinance their mortgages with fewer documentation requirements, making the process quicker and more accessible. This program is especially beneficial for those looking to take advantage of lower interest rates or to access home equity without extensive paperwork. Overall, DU Refi Plus aims to simplify refinancing and promote homeownership stability.
When did Fannie Hurst die?
Fannie Hurst died in 1968.
When was Fannie Hurst born?
Fannie Hurst was born in 1889.
When was Fannie Porter born?
Fannie Porter was born in 1873.
When was Fannie Sellins born?
Fannie Sellins was born in 1872.
When was Fannie Farmer born?
Fannie Farmer was born in 1857.
When did Fannie Greenberg die?
Fannie Greenberg died in 2007.
When was Fannie Greenberg born?
Fannie Greenberg was born in 1895.
