Category Archives: FHA, Fannie Mae & Freddie Mac

Fannie Mae Offers New Incentives for Homebuyers

Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on that are closed within this period may receive up … Continue reading

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FHA Toughens Down Payment Rules

The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced on January 19. Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a … Continue reading

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Congress Votes to Extend FHA , Fannie Mae and Freddie Mac Loan Limits

Last week, the House and Senate passed legislation to extend the current loan limits for FHA, Freddie Mac and Fannie Mae through December 31, 2010. Continue reading

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