Fannie Mae Loosens Their Mortgage Guidelines

Today I’ve got some exciting news to share with you about the recent changes to the Fannie Mae mortgage guidelines.

Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.

Fannie Mae has made four important changes to the mortgage guidelines that will definitely impact homebuyers. 

First, they’ve loosened up the debt-to-income ratio. It used to be that only 45% of your income per month could go toward debt of any kind, including car payments, mortgage, or other payments. They’ve now upped that number to 50%, giving you a little more room to find the right home and still be able to afford it.

The second thing is that loan-to-value is now going to be in the same range for adjustable rate mortgages and fixed rate mortgages. It used to be that these weren’t equal or similar in value due to the debt-to-income ratio, but that has changed.

Self-employment documentation used to be far more complicated, with the requirement being that you needed to have two years of verifiable self-employment income in order to get a loan. Fannie Mae has now reduced that requirement to just one year of verifiable self-employment income, making it easier for anyone who is self-employed to get a home loan.

Finally, we’re seeing some changes to how Fannie Mae treats relocations. It used to be that anyone who needed to relocate for a new job needed to provide one or two months of income from the new employment before they could get a loan. It would slow the entire process down and make it difficult to relocate.

We’re seeing some changes to how Fannie Mae treats relocations.

Fannie Mae is now accepting a letter of employment from your new employer as proof of your relocation and will be able to approve a loan faster. This means that you can get the loan before you even start the job and finish your relocation on a faster timetable.

It’s great news to see these changes with the mortgage guidelines, as it helps people enter the market and finally get the home of their dreams. If you have any questions about this topic or you’re looking to buy or sell a home, please give me a call. I’d be happy to help!


  1. A cash-out refinance is a typical mortgage refinance method that can reduce your monthly payments, change your rate from variable to fixed, or change the term of your loan.
    guarantor loans

  2. The exchange of title is completed in two stages: The finish of the buy contract and the passage of the move of title into the land enroll.Verkauf


  3. شركة نقل عفش
    اهم شركات مكافحة حشرات بالخبر كذلك معرض اهم شركة مكافحة حشرات بالدمام والخبر والجبيل والخبر والاحساء والقطيف كذلك شركة رش حشرات بالدمام ومكافحة الحشرات بالخبر
    شركة مكافحة حشرات بالدمام
    شركة تنظيف خزانات بجدة الجوهرة من افضل شركات تنظيف الخزانات بجدة حيث ان تنظيف خزانات بجدة يحتاج الى مهارة فى كيفية غسيل وتنظيف الخزانات الكبيرة والصغيرة بجدة على ايدى متخصصين فى تنظيف الخزانات بجدة
    شركة تنظيف خزانات بجدة
    شركة كشف تسربات المياه بالدمام
    شركة نقل عفش واثاث


  4. شركة نقل عفش بالرياض وجدة والدمام والخبر والجبيل اولقطيف والاحساء والرياض وجدة ومكة المدينة المنورة والخرج والطائف وخميس مشيط وبجدة افضل شركة نقل عفش بجدة نعرضها مجموعة الفا لنقل العفش بمكة والخرج والقصيم والطائف وتبوك وخميس مشيط ونجران وجيزان وبريدة والمدينة المنورة وينبع افضل شركات نقل الاثاث بالجبيل والطائف وخميس مشيط وبريدة وعنيزو وابها ونجران المدينة وينبع تبوك والقصيم الخرج حفر الباطن والظهران
    شركة نقل عفش بجدة
    شركة نقل عفش بالمدينة المنورة
    شركة نقل اثاث بالرياض
    شركة نقل عفش بالدمام

  5. Your articles and blogs are inspirational.

  6. Thanks for sharing this valuable information to our vision. You have posted a trust worthy blog keep sharing.

    Best Linux training in Noida
    Linux Training Institute in Noida
    Shell Scripting Training Institute in Noida

  7. شركة نقل اثاث بالقطيف شركة نقل اثاث بالاحساء شركة نقل اثاث بالخرج شركة نقل اثاث بخميس مشيط شركة نقل اثاث بابها شركة نقل اثاث بنجران شركة نقل اثاث بجازان

  8. I genuinely believed you would probably have something useful to say. All I hear is a bunch of whining about something that you can fix if you were not too busy looking for attention. After all, I know it was my choice to read.. HSBC Equity Release Plans

  9. According to research by IKON Marketing Consultants, Indian real estate industry may see some down turn in 2011. It may start from 1st quarter of 2011 and last up to 3rd quarter of 2012. However it will be not too intense as it was during recession period. It is expected that price may slash by 10-15% during this Apartments for sale imara of correction but under certain situation it may last up to end of 2013 with price correction of 30% specifically in Tier-I cities.

  10. Commercial real estate is a great option for investing in real estate.Though many only think in terms of residential real estate, there are big (in fact huge) profits to be made in commercial real estate investing. Apartments, rental units, strip malls, retail space, warehouses even vacant land are all commercial investments with huge profit potential. dubai off plan

  11. As technology advances and new business models evolve, the real estate industry has begun to transform itself from providing traditional, carefully controlled "agent-centric" transactions to new "consumer-centric" practices. This article examines some of the recent industry trends and how buyers, sellers and investors can expect to benefit. The "Five Ds" that are driving change in real estate are: 1. Disruption 2. Displacement 3. Demanding consumers 4. Downward pressure on commissions 5. Developing alternatives best condo real estate

  12. As a real estate investor, are you suffering from this massive, global economic meltdown, or are you one of the thousands of investors who are actually taking advantage of this "Perfect Real Estate Storm" of opportunity? You see, with unemployment rising, bank foreclosures skyrocketing and prices in most real estate markets falling more than half from their peak, many real estate investors believe that the market is dead. These investors are running around like a chicken without a head, desperately trying to close real estate deals as they struggle to manage their existing portfolios. best condo real estate


As Seen On...

As Seen On...