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Fannie Mae Selling Guide B5-3.1-02: Conversion of Construction-to-Permanent Financing: Single-Closing Transactions

Document
Fannie Mae Single Family Selling Guide
Section date
Version in Zeitro Strata
Where
pages 744–751 of 1196
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This topic contains information on construction-to-permanent financing loan eligibility for single-closing transactions, including:

Fannie Mae Selling Guide B5-3.1-02, pages 744–751

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

  • Single-Closing Transaction Overview
  • Terms of Construction Loan Period for Single-Closing Construction-to-Permanent Mortgages
  • Eligible Loan Purposes for Single-Closing Construction-to-Permanent Mortgages
  • Calculating the LTV Ratio for Single-Closing Construction-to-Permanent Mortgages
  • Down Payment Requirements for Single-Closing Purchase Transactions
  • Modifications of Single-Closing Construction-to-Permanent Mortgages
  • Underwriting Single-Closing Construction-to-Permanent Mortgages
  • Age of Credit Documents
  • Age of Appraisal Documents
  • Requalification Requirements
  • Loan Conversion Documentation Options
  • Uniform Appraisal Dataset (UAD) 3.6 Policy

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.