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Famous lender Fannie Mae is set to ease mortgage standards next month. That news should be welcomed among applicants waiting for any kind of approval. Denied loans are fairly uncommon across the country. Still, there are a few reports of standards keeping applicants from their dream home. Fannie Mae was set up as a federal program to provide home loan assistance.
The program has faced increased pressure and scrutiny as of recently. FHA loans do require that people pay for insurance premiums. That is in effect throughout the life of the loan. Get a consultation and be ready to sign with a Fannie Mae home loan.
Some lenders are welcoming the change to the market. They have spoken out in support of Fannie Mae itself. They want to see the program continue nationwide. Fannie Mae has data that goes back decades. That could help the program continue its good work in the future.
For more information, check out this article:
https://www.washingtonpost.com/realestate/fannie-mae-will-ease-financial-standards-for-mortgage-applicants-next-month/2017/06/05/9b391866-4a0b-11e7-9669-250d0b15f83b_story.html?utm_term=.de039457250f