Hi all! Newcomer around here but wanted to survey the community (which has been incredibly helpful to me). Have folks noticed a drop in the availability of conventional financing for investment properties since Fann...
Hi BP! I need your advice. I put down a $5k deposit on a Fannie Mae owned property and they do not want to refund it. It's my first investment property and the plan was to purchase with FHA, renovate, occupy, and sell...
I'm looking at a Fannie Mae property and my realtor told me this:
That house is a Fannie May product. You would have to occupy the property for a minimum of 1 year. Would only be able to sell for 125% of your...
When doing a refi, how does the 10 mortgage limit work? I did a refi last year and ran into that issue, but since I was at 10, it didn't matter. I guess my question is, do portfolio loans count towards the 10 mortga...
"HomeReady will be available to borrowers at any income level for properties in designated low-income census tracts, and to borrowers at or below 100% of area median income (AMI) for properties in high-minority census...
I am making offers on Fannie Mae REO's through Homepath.com. In their offer to purchase contract there is a clause that says it is not assignable. Does anyone have a way around this?
I want to wholesale to rehabbers...
My Homepath investment deal is progressing but I learned something today about Homepath financing that wasn't in the literature. Apparently Fannie Mae has a policy on cash reserves, particularly for us investors, t...
Homepath financing (Fannie Mae) seems to get a lot of attention, but Homesteps financing (Freddie Mac) meanwhile has been flying under the radar as it has been rolling out. Freddie Mac appears to be following in the f...
I have Fannie Mae Homepath alerts set for the three counties (Tampa, Florida area) that boarder where I live. Normally, there will be up to a handful of price reductions in my daily email, but today I noticed that in...
Hey guy, I know that it is possible to get loans in both your wife and husband's name seperately as long as you both qualify for a property on your income alone but does anyone know the exact procedure to do this o...