New Home Buying Loan Rules for Bryan & College Station, Tx?

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May 18, 2008

New Home Buying Loan Rules for Bryan & College Station, Tx?

Fannie Mae Announces Single National Down Payment Policy; replaces Policy Regarding Markets Where Home Prices are Declining

WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. Starting June 1, 2008, Fannie Mae will accept up to 97 percent loan-to-value ratios for conventional, conforming mortgages processed through……

So what does this mean to YOU? It means that if you are trying to purchase a property in an area that …

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