The borrower’s debt-to-income ratio must be 50% or less. The borrower has paid a down payment of between 3% and 5%. The loan amount is below the limit for the borrower’s location (Fannie Mae does not buy jumbo loans). Further Reading:Understanding Fannie Mae Guidelines Fannie Mae Prog...
family agency mortgage-backed securities; and invests in low-income housing tax credit multifamily projects. Federal National Mortgage Association was founded in 1938 and is based in Washington, the District of Columbia. Read More… Federal National Mortgage Association Stock Analysis - MarketRank™...