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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateRefi rejected - Fannie Mae won't buy loan! What's up?
Mark Beeson's profile image
Mark Beeson's profile image
Mark Beeson
Pro Member
  • Rental Property Investor
  • from Wichita, KS
  • Member since Aug 16, 2017
  • Posts 31
  • Votes 15
  • Experience 8 Yrs
  • Investments 2
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31
Posts
15
Votes
Mark Beeson's profile image
Mark Beeson's profile image
Mark Beeson
Pro Member
  • Rental Property Investor
  • from Wichita, KS
  • Member since Aug 16, 2017
  • Posts 31
  • Votes 15
  • Experience 8 Yrs
  • Investments 2
Connect
Mark Beeson
Pro Member
  • Rental Property Investor
  • Wichita, KS
15
Votes |
31
Posts
Buying & Selling Real Estate

Refi rejected - Fannie Mae won't buy loan! What's up?

Mark Beeson
Pro Member
  • Rental Property Investor
  • Wichita, KS
Posted Mar 1 2021, 06:05

We have excellent credit.  Want to refi a single family with existing $32K mortgage that we have owned for 20 years.  Minimum amount bank would refi is $60K for $75K appraisal.  Denied due to "Fannie Mae won't buy the loan".  What's going on??

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