UPDATE: 05.14.20 11:08 AM: The FHFA announces wonderful changes because of the industry pressure to assist consumers but still more help is requested to educate consumers regarding the process. Fannie Mae, Freddie Mac: Borrowers in forbearance can defer all missed payments until the end of their loan With nearly 4 million borrowers in forbearance on […]
Did you know the state of Florida still has a huge problem with getting financing for condos? This is because Florida is the only state left in the entire country that is still subjected to these requirements that Fannie Mae and FHA put on us. A lot of times people feel like they need to […]
Allow me to elaborate more about the current problems with condo financing in Florida. After the market crashed many years ago condos went down quicker than single family homes so Fannie Mae and all other lending types like FHA, VA etc. came in and put certain requirements as it pertains to condo financing. These requirements […]
Fannie Mae Vs FHA – What is best for you? Two of the most common types of loans are what we call FHA (Federal Housing Association) and Fannie Mae loans. FHA is the Federal Housing Administration, hence the abbreviation. FHA loans are designed for the low for borrowers who are unable to make a large […]
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