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FANNIEMAE or FREDDIEMAC?A SidebySide Comparison www.ImpacWholesale.com ELIGIBILITY MATRIX (LTV/CLTV/HCLTV) OCCUPANCYUnitsPurchase or Rate/Term FNMA FHLMCCashOut FNMA FHLMCFREDDIE OWNED R/T RefinanceIMPAC.

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The Consumer Financial Protection Bureau (CFPB) recommends a maximum 43% DTI ratio, but lenders may make exceptions if you have high credit scores or extra savings. → The occupancy of the house you're refinancing. Most borrowers take out cash against their primary residence, that is, the home they live in.

Fannie Mae Loan Requirements Credit score: Your credit score plays a role in the loan approval process. With loans from either Fannie Mae or its competitor Freddie Mac, you'll need a qualifying FICO® Score of at least 620.

The Eligibility Matrix provides the comprehensive LTV, CLTV, and HCLTV ratio requirements for conventional first mortgage loans eligible for delivery to Fannie Mae.

There's not a single set of requirements for conventional loans, so the DTI requirement will depend on your personal situation and the exact loan you're applying for. However, you'll generally need a DTI of 50% or less to qualify for a conventional loan.

The payment matrix indicates how funds should be distributed when a loan payment is made, and is used primarily when the payment is under or over the normal amount.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232