New Lending Guidelines From Fannie Mae Coming Soon


The new lending guidelines which take effect December 13, 2010, will allow buyers to use gifts and grants from nonprofit groups to come up with their ¬†minimum 5% downpayment. This should help many young couples who are able to get part of the required downpayment from their family. While this change is good news for … More New Lending Guidelines From Fannie Mae Coming Soon