Mortgage Blog

HARP II Fannie Mae Updates(March 19th)

March 19th, 2012 10:54 PM by Eric Fang

1)There is no appraisal required with the same lender

2)With other lenders, LTV 150% Maximum for primary;
125% LTV for 2nd home; 105% LTV for Rental.

3)Credit score 680 required for non-primary.
620 required for primary.

4)Loan not eligible if MI in current loan.

Posted in:General
Posted by Eric Fang on March 19th, 2012 10:54 PM



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