Monday, August 18, 2014

Fannie Mae changes

Some changes with Fannie Mae financing.  Good news for those of you who have had a foreclosure with a bankruptcy you now have to wait 4 years instead of 7.  If you had a short sale you used to be able to wait 2 years and had to put 20% down.  Now it's 4 years but with only 5% down.  Less money but longer waiting period. 

I have brokers and bankers that can help you out and get you approved for a loan.  Don't hesitate to contact me with any questions at 480-695-9683.