Fannie Mae Selling Guide B2-1.5-02: Loan Eligibility
This topic contains information on mortgage loan eligibility requirements, including:
Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- Ability to Repay Loan Eligibility Requirements
- Acceptable Loan Terms
- HOEPA and State Higher-Priced Loans
- Impact of Special Assessments on Maximum Loan Amount
- Premium Pricing
- Private Transfer Fee Covenants
- Age of Loan
- Property Value for Loans Sold More than Four Months from Note Date
- Seasoned Loans
- Modified Loans
- Nonstandard Payment Collection Options
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.