What are Fannie Mae guidelines?

Fannie Mae guidelines for conventional mortgages

Fannie Mae guideline type	Minimum requirement
Credit score	620
Total debt-to-income ratio	Cannot exceed 45%, with some exceptions up to 50%
Cash reserves	Up to six months, depending on credit score, down payment amount, DTI ratio, occupancy type and property type

Can I contact Fannie Mae directly?

Fannie Mae can be reached at 800-232-6643 or Fannie Mae’s website​.

How do I contact FNMA?

Contact the Fannie Mae Resource Center , or call 800-2FANNIE (800-232-6643), Option 4, if Fannie Mae owns your mortgage or for more information about a Fannie Mae lender.

How do you get Fannie Mae?

Fanny Mae Eligibility Requirements The basic requirements are reasonably good credit (a FICO score of 620 or more), a loan amount no greater than $427,000 (higher in some higher-cost housing markets), a debt-to-income ratio of no more than 28 percent, and a five percent down payment.

How do I file a complaint with Fannie Mae?

If your issue with Fannie Mae, Freddie Mac, or a Federal Home Loan Bank involves fraud, please contact the FHFA Office of Inspector General (OIG) at 800-793-7724 or visit the FHFA OIG website.

Who is Fannie Mae’s customer?

We make sure affordable housing is accessible to homeowners, homebuyers, and renters across the country and achieve this with the help of our housing partners. They include mortgage lenders and servicers, housing counselors, real estate agents, and other industry professionals.

Where is Fannie Mae headquarters?

Washington, D.C.
Fannie Mae/Headquarters

Is FHA the same as Fannie Mae?

The difference between a FHA and Fannie Mae loans are that the FHA insured loan is a loan by The US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by a approved lender. The Fannie Mae loan has a higher credit score requirement at 620 to 640 which is higher than the FHA loan.

Why choose Fannie Mae solutions?

Fannie Mae’s solutions offer the operational efficiencies that will save you time and money while reducing risks. Our solutions can help provide more convenient access to mortgage loan information and improve the ability to respond to customers’ unique needs so you can enhance value and the customer experience.

Where can I get additional questions about Fannie Mae loans?

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources. You can also download the printable 1,200+ page PDF, which include links. What is required for a student loan monthly debt obligation?

Will Fannie Mae include rental history in loan approval process?

Fannie’s effort to include rental payment history in the loan approval process comes as President Joe Biden’s administration pushes to improve access to credit and address inequities in the housing system.

Does Fannie Mae use blend data for credit expansion?

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