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MA, NH, RI, CT, ME, VT, FL
≈ Home Loans in New England & Florida ≈
MA, NH, RI, CT, ME, VT, FL
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Fannie Mae is at it again, continuing to make changes to condominium requirements. The latest lender letter, LL-2026-03, dated March 18, 2026, brings some good, some bad and some ugly. The letter can be found here: Fanne Mae Lender Letter LL-2026-03
Buyers (and sellers, too) of condominium units are better off knowing that not all condominiums can be approved. At least not by conventional means. Fannie Mae keeps tabs on condominiums which come under their radar in their tool Condo Project Manager. By
Having already severely punished buyers of second homes and borrowers seeking cash-out refinance, Fannie Mae is now going after borrowers with a perfect (at least until now) credit score of 740. Once the changes hit a little later this year, borrowers wit
Here is some positive news from the world of home lending. Baseline Conforming loan limit for single family homes is increasing to 726,200 in 2023, up from 647,200. Conforming loan limits will be higher in high-cost areas. In our State of Massachusetts, f
Although temporary rate buydowns have been around for a very long time, they appear to be re-emerging. Seller-paid temporary buydowns, specifically, are currently receiving much of the spotlight. Let’s look at temporary rate buydowns and the math behind t
In October last year, in the aftermath of Florida condo collapse, Fannie Mae threw a big wrench into condominium approval process. In their lender letter LL-2021-14 (you can look it up), the maker of lending rules added somewhat ambiguous requirements fo