Transcription of FANNIE M F 5/1 LIBOR ARM REVISED - CUHMS
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FANNIE M F 5/1 LIBOR ARM REVISED - CUHMS
FANNIE MAE FIXED 5/1 LIBOR ARM REVISED 5/25/2012. Eligible Minimum Transaction Type Number Maximum Maximum DTI Ratio Property Types Credit Score (1) of Units LTV/CLTV/HCLTV (4). (2) (3). Primary Residences Detached SFR. Purchase Money Condominium 97% / 97% / 97%. Mortgage 1-Unit PUD. and Manufactured 85% / 90% / 90%. Limited Cash-Out ( < 30 Years). Refinance 2-Units Multi-Family 80% / 80% / 80%. 3-4 Units Multi-Family 75% / 75% / 75% 620 45%. Detached SFR. Condominium 85%/ 85% / 85%. Cash-Out 1 Unit PUD. Refinance Manufactured 65% / 65% / 65%. ( < 20 Years). 2-4 Units Multi-Family 75% / 75% / 75%.
M:\Mortgage Procedures\Program Highlights\FNMA Conforming Guidelines.doc Page 1 of 13 FANNIE MAE – FIXED – 5/1 LIBOR ARM REVISED 5/25/2012 Transaction Type (1) Number of Units
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