In a move to help expand access to credit and shore up affordable rental housing, Fannie Mae is updating its loan-to-value (LTV) ratios. The new ratios, which take effect December 1st, are as follows:

-For 1-Unit properties: 97% LTV for first-time homebuyers, 95% LTV for subsequent homebuyers

-For 2-4 Unit properties: 85% LTV for first-time homebuyers, 80% LTV for subsequent homebuyers

Fannie Mae says that the updated LTV ratios will help borrowers with a smaller down payment and make it easier for them to qualify for a loan. The move is also intended to support the rental market by making it easier for investors to purchase properties.

You can read this full article at: required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.