1. Conventional Mortgage Loans Fannie Mae Guidelines
* 30 12 months fastened mortgage charges on Conventional Mortgage Loans are usually larger than FHA mortgage charges. Mortgage Rates on Conventional Mortgage Loans are usually extra delicate to credit score scores and mortgage to worth than authorities mortgage applications.
– Conventional mortgage charges have since been dropping the previous a number of weeks
– We now have particular standard mortgage mortgage applications that may profit each buy and refinance standard mortgage debtors
2. Mortgage Insurance
– All mortgage insurance coverage can be adopted by Fannie Mae’s Automated Approval DU findings
– Standard MI protection required
– Lender paid mortgage insurance coverage program accessible for a barely larger mortgage fee
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