Lenders also can receive freedom from certain representations and warranties and help reduce manual processes and cycle times through Day 1 Certainty®.
If you are not yet a Fannie Mae Seller, click here to learn more about the process to become one.
New! Use Income Calculator right from our website to gain more certainty of loan quality by quickly and accurately calculating income for self-employed borrowers. Learn more.
The underwriting powerhouse Desktop Underwriter® (DU®) & Desktop Originator® (DO®) connects our technologies, simplifies processes, and has processed more loans than any other origination system.
Validate a borrower’s income, assets, and employment to process more loans faster while giving a superior customer experience.
Receive an automated risk assessment of an appraisal report through CU® to streamline review and proactively manage appraisal quality to originate mortgages.
Stay on top of condo projects with this web-based checklist ensuring projects are meeting Fannie Mae’s project acceptance standards.
With EarlyCheck™, lenders identify and correct potential eligibility and/or data issues early in their processes and prior to loan delivery.
Easily and accurately calculate income for self-employed borrowers to increase the certainty of the calculation.
With UCDP, electronically submit appraisal reports for conventional mortgages delivered to Fannie Mae or Freddie Mac.
View 97% LTV/CLTV/HCLTV financing options that help you serve qualified first-time home buyers and support refinance of Fannie Mae loans.
The HomeReady® mortgage includes innovative income flexibilities that can help your customers qualify for an affordable mortgage with a down payment as low as 3%.
A refinance option that provides expanded eligibility, resulting in new opportunities for you and your borrowers.
Learn how HomeStyle® Renovation provides a convenient and flexible way for your customers to finance home improvements and repairs as part of the purchase or refinance mortgage.
Whether purchasing a home or refinancing their current one, help your borrowers finance upgrades to reduce utility costs and improve the comfort and safety of their homes with a HomeStyle® Energy mortgage.
See how our innovative offerings, including MH Advantage®, can support affordable alternatives to site-built homes.
Loan Limits to increase in 2024
Details on the 2024 general and high-cost area loan limits and updated resources are available on the Loan Limits page. The new loan limit for most of the country is $766,550, indicating a 5.56% increase over the 2023 limit.
Flood insurance coverage calculator for lenders
Now it’s easier for lenders to determine the minimum flood insurance coverage we require. To simplify your underwriting and reduce the risk of errors, use this coverage calculator for 1- to 4-unit properties, PUDs, detached condominiums, attached condominiums, and co-ops.
GSE Validation and Approval of Credit Score Models
Fannie Mae and Freddie Mac (the GSEs) have announced an updated credit score model approach. Visit the Credit Score Models page to learn more about the update and how Fannie Mae uses credit score models and credit scores.
Fannie Mae continues to help increase access to mortgage credit in all communities across the nation. Learn more about our efforts to grow affordable housing supply and support continuing the education about sustainable homeownership within the industry. Fannie Mae also provides multi-language resources for lenders.
This primer describes how Fannie Mae permits lenders to obtain a lender’s title insurance policy or, in some circumstances, an attorney opinion letter (AOL), as a potential way to reduce closing costs for borrowers while responsibly managing risk for Fannie Mae. See FAQs to learn more.
This webpage features information, updates, and resources, including FAQs, playbooks and timelines, to help you transition to alternative reference rates.
Fannie Mae partners with lenders to decrease risk. Together, our shared commitment increases the level of quality and risk oversight delivering certainty to lenders and Fannie Mae. Learn more.
The Uniform Mortgage Data Program® (UMDP®) is an effort undertaken jointly by Fannie Mae and Freddie Mac at the direction of the Federal Housing Finance Agency to enhance data quality and standardization.