San Diego Mortgage News Talks about New Fannie Mae DU 9.1 and Associated Changes to Mortgage Value Limits
In mid-November, Fannie Mae is releasing changes to their desktop underwriting system that will have an impact on mortgage options.
New Maximum Fannie Mae Loan Value and Ramifications on Interest Amounts
Shanne Sleder, San Diego Mortgage broker, commented,
“The financial impact of these upcoming changes could make a big impact on a family’s ability to buy a home and it will impact how much it costs you for that home long-term, too.”
Shanne’s article on San Diego Mortgage News breaks down the numbers as a result of the fact that 3% down payments for home loans will be off the table.
Mr. Sleder recommends that those affected who are in the market for a home work with a mortgage broker to close escrow by mid-November at the latest to avoid the extra 2% down payment requirement as well as the long term financial ramifications, which are discussed on the Fannie Mae sit as well as on the San Diego Mortgage News article. For more information about these changes, visit San Diego Mortgage News and /or check the Fannie Mae new release notes.
About Shanne Sleder and San Diego Mortgage News
Shanne Sleder is with San Diego mortgage brokers, The Mortgage Planners and works to help customers obtain San Diego home loans.
San Diego Mortgage News strives to provide helpful and timely information to those looking for a San Diego mortgage broker.
For more information, including loan calculators, information about FHA loan limits, and details about reverse home mortgages, the HARP program, Jumbo Loans, VA Loans, and more visit http://www.sandiegomortgagenews.net/.
Shanne Sleder, The Mortgage Planners
10636 Scripps Summit Court, Suite 130,
San Diego, California 92131
Follow Shanne Sleder on Facebook at https://www.facebook.com/pages/Shanne-Sleder-The-Mortgage-Planners/112043658873728.
The Mortgage Planners
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