RESOURCES_TOP

GA
 

Government Agencies

FannieMae

This link will take you to the main site for Fannie Mae.

Direct Link to sign in and run Desktop Underwriter (DU)

This Link shows Condo projects approved by Fannie Mae through the Project Eligibility Review

HomeReady® is available nationwide. To see if your Borrower(s) and the subject Property will qualify, click on this Link and enter your Property address.
Loan Limits change every year. They are broken down by State and County nationwide. Click this link to see what your County Loan Limit(s) are.

Fannie Mae’s Loan Lookup Tool helps you quickly determine if Fannie Mae owns your loan, which may be helpful to know before you refinance or plan to purchase a new home. It will also help if the Borrower(s) is considering a Loan Modification.

Selling Guide (Download)

The Selling guide is 1,376 pages of Underwriting Guidelines. Many Lenders have a quick reference guide with about 30 pages for the most common questions. Check with your Account Executive for the “shorter” version.

Didn’t find your favorite Website here? Please click the button to the left and we will add it to our Resources page as soon as possible. Thanks for your recommendation!

Top Of Page

FreddieMac

This Link will take you to the main site for Freddie Mac

Freddie Mac offers expanded, comprehensive eligibility and review requirements for Condominium Unit Mortgages in condominium projects. They may be easier to get your loan or condo project approved.

Home Possible® is available nationwide. Check to see if your Borrower(s) and the subject Property will qualify.

Loan Limits change every year. It is broken down by State and County nationwide. Click this link to see what your County Loan Limit(s) are.

Freddie Mac’s Loan Lookup Tool helps you quickly determine if Freddie Mac owns your loan, which may be helpful to know before you refinance or plan to purchase a new home. It will also help if the Borrower(s) is considering a Loan Modification.

Direct Link to sign in and run Loan Prospector (Automated Underwriting System (LPA))

Selling Guide (Download)

The Selling guide is 1,224 pages of Underwriting Guidelines. Many Lenders have a quick reference guide with about 30 pages for the most common questions. Check with your Account Executive for the “shorter” version.  

Didn’t find your favorite Website here? Please click the button to the left and we will add it to our Resources page as soon as possible. Thanks for your recommendation!

Top Of Page

This Link will take you to the Main Site for FHA.

While FHA requirements define which closing costs are allowable as charges to the Borrower(s), the specific costs and amounts that are deemed reasonable and customary are determined by each local FHA office.

This Link shows Condo projects approved by FHA and may not be the same as Fannie Mae or Freddie Mac. Make sure you check each time because approvals can expire for a given complex.

Before approving a loan, the lender analyzes the integrity of the Borrower(s) past credit performance. Based on FHA requirements, those who have a good credit history demonstrated by a solid track record of timely payments will likely be eligible for a loan. 

Loan Limits change every year. It is broken down by State and County nationwide. Click this link to see what your County Loan Limit(s) are.

Look Up Tools
(Download)

The incorporation of previously published updates to Handbook 4000.1, FHA Single Family Housing Policy Handbook are available with this link. Check with your Lender for the shorter version and a quick reference guide.

Mortgage Insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all Borrower(s), regardless of the amount of down payment.

Didn’t find your favorite Website here? Please click the button to the left and we will add it to our Resources page as soon as possible. Thanks for your recommendation!

Top Of Page

.

This Link will take you to the Main Site for the Veterans Administration/Home Loans Benefit.

After establishing that you are eligible, you will need a Certificate of Eligibility (COE). The COE verifies to the lender that you are eligible for a VA-backed loan. 

Apply for a Certificate of Eligibility for Home Loan. This can also be done directly through your lender.

Closing Costs
(Download)

This PDF will explain the fees a Seller must pay and the fees a Service person can pay in closing costs.

You must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be your personal residence.

FAQ – Credit
(Download)

There is no minimum credit score requirement. Instead, VA requires a lender to review the entire loan profile.

Guidelines
(Download)

The Selling guide is over 2,000 pages of Underwriting Guidelines.  Many Lenders have a quick reference guide with about 30 pages for the most common questions. Check with you Account Executive for the “shorter” version.

Loan Limits change every year. It is broken down by State and County nationwide. Click this link to see what your County Loan Limit(s) are.

In some cases a VA loan Amount can be over the Standard Loan Limits published each year. Click on the button to the left and find out what loan amount your Borrower(s) may qualify for.

Military personnel records can include DD 214s/Separation Documents, Service Personnel records found within the Official Military Personnel File (OMPF), and Medical Records. 

Didn’t find your favorite Website here? Please click the button to the left and we will add it to our Resources page as soon as possible. Thanks for your recommendation!

Top Of Page

This Link will take you to the Main Site for USDA.

Resources for various Frequently Asked Questions

Select a State to see the income limits for the Counties in that State.

Loan Limits change every year. It is broken down by State and County nationwide. Click this link to see what your County Loan Limit(s) are.

In order to be eligible for many USDA loans, household income must meet certain guidelines.  Also, the home to be purchased must be located in an eligible rural area as defined by USDA.

This site is used to evaluate the likelihood that a potential applicant would be eligible for program assistance. Click on the USDA Loan program links at the top of the web page to see if the Borrower(s) will qualify.

Didn’t find your favorite Website here? Please click the button to the left and we will add it to our Resources page as soon as possible. Thanks for your recommendation!

Top Of Page