Fannie mae detached condo

• [PDF File]Condominium Unit Mortgages - Freddie Mac

  https://info.5y1.org/fannie-mae-detached-condo_1_258c50.html

  Condo Project Advisor ... approved through the Fannie Mae Project Eligibility Service (PERS) process (Section 5701.9(a)). Projects with mandatory dues or similar membership fees for use of amenities such as clubhouses or recreational facilities – projects with mandatory dues or membership

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• Condominium Project Eligibility and Review

  • Detached condo units (established or new) • Units in a two-to four-unit condo project • Units in a PUD project • Fannie Mae to Fannie Mae limited cash-out refinances with LTV ratios ≤ 80%.

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• [PDF File]Conventional Condominium Guidelines

  https://info.5y1.org/fannie-mae-detached-condo_1_7db391.html

  FANNIE MAE TYPE S PERS APPROVAL . May use this process for projects that do not meet Fannie Mae Project Standards . FANNIE MAE TYPE R/FREDDIE MAC NEW PROJECTS • New projects are projects in which less than 90% for Fannie Mae (or 80% if meets new Fannie Mae Type S additional requirements) or 75% for Freddie Mac of the total units have been

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• [PDF File]Determining Condominium Project and Mortgage Eligibility

  https://info.5y1.org/fannie-mae-detached-condo_1_bbc96c.html

  √ Seller has approved as a Fannie Mae “Full Review” submitted to Fannie Mae’s Condo Project ManagerTM (CPMTM) * and received a project acceptance certification. √ Reciprocal reviews (with a PERS project approval or CPM project acceptance certification) can be used regardless of the Fannie Mae project type. * Condo Project Manager and ...

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• At-a-Glance: Fannie Mae Condo Project Review and Insurance ...

  whenFannie Mae owns the mortgage being refinanced • Detached condo unit transactions • 2- to 4-unit projects No review – see Selling Guide for specifics about each waiver. Lenders must still ensure compliance with all Fannie Mae requirements for property eligibility, appraisal standards, insurance, and lien priority. • Second Attached Unit

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• [PDF File]May 2017

  https://info.5y1.org/fannie-mae-detached-condo_1_cbbea5.html

  Condo Unit ‏Interior/Exterior –Individual Condominium Unit Appraisal Report: • Fannie Mae Form 1073 • Freddie Mac Form 465 ‏Appraisals for detached condo units may be reported on Form 1004, provided information about HOA fees and property maintenance is included. Appraisal-Condo Review 4

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• [PDF File]Condo & PUD Matrix Reference Sheet Classification & Type ...

  https://info.5y1.org/fannie-mae-detached-condo_1_f841a7.html

  New condo projects with units of less than 400 square feet. New converted, non-gut rehabilitation condo projects. Non-conforming zoning project. Own Your Own property: This type of property can be identified by the legal description. Generally an „Own Your Own‟ legal description

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• Shopping for a Home - Fannie Mae

  Single-family detached Condo Townhome Duplex Manufactured home Mixed-use space Single story/Ranch Multilevel Inside features Family room Eat-in kitchen Formal dining room Formal living room Open floor plan Office space Finished basement Unfinished basement Walk-in closets Laundry closet/room Home address: Date of viewing: Notes: knowyouroptions ...

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• Selling Guide Announcement SEL-2018-01 - Fannie Mae

  Jan 30, 2018 · requiring Special Feature Code (SFC) 588 and project code V for all detached condo loans at delivery; and retiring SFC 917 that was required for site condos. NOTE: These changes do not apply to manufactured housing units in condo projects.

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• [PDF File]Section 1.06: Condominium and PUD Approval Requirements ...

  https://info.5y1.org/fannie-mae-detached-condo_1_bc80f6.html

  A PUD warranty form is not required for attached or detached PUDs. Continued on next page . Section 1.06 July 16, 2021 Condo/PUD Approval Requirements Page 7 of 104 ... Lenders that sell mortgage loans secured by units in a condo or PUD project to Fannie Mae are expected to have staff that are knowledgeable about and qualified to evaluate

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• fannie mae detached condo
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