Updated almost 16 years ago on . Most recent reply
Fannie Eliminates 80/10/10?
My mortgage officer told me the other day that I would no longer be able to do a 80/10/10 loan as the max loan that Fannie would allow is 80% including a HELOC. So now in order to complete my transaction I have to come-up with an additional 10% out of pocket.
Has anyone heard anything about this? I tried to do some research online about this and couldn't find anything related to these new loan requirements.