FNMA Conforming Conventional ARM
FNMA Conforming Conventional ARM
  • Intermediate Fixed Period ARM of Five (5), Seven (7) or Ten (10) years
  • Primary, Second Home, and Investment Properties
  • Conforming Loan Limits
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA Conforming Conventional ARM Guidelines

FNMA Conforming Conventional FRM
FNMA Conforming Conventional FRM
  • Loan Terms of 10, 15, 20, 25, and 30 years are eligible
  • Primary, Second Home, and Investment Properties
  • Conforming Loan Limits
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA Conforming Conventional FRM Guidelines

FNMA High Balance ARM
FNMA High Balance ARM
  • Intermediate Fixed Period ARM of Five (5), Seven (7), or Ten (10) years
  • Primary, Second Home, and Investment Properties
  • High Balance Loan Limits, as allowed by location and property type, up to $990,000
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA High Balance ARM Guidelines

FNMA High Balance FRM
FNMA High Balance FRM
  • Loan terms of 15, 20, and 30 years are eligible
  • Primary, Second Home, and Investment Properties
  • High Balance Loan Limits, as allowed by location and property type, up to $990,000
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA High Balance FRM Guidelines

FNMA Home Ready
FNMA Home Ready
  • Loan Terms of 15, 20, and 30 years are eligible
  • Primary residence only
  • Conforming Loan Limits
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Total Maximum Debt to Income = 50%; specific to HomeReady™, DU will consider income from a non-borrower household member as a compensating factor in DU to allow for a debt-to-income (DTI) ratio > 45% to 50%, otherwise the max Debt Ratio is limited to 45.00%
  Click here to view FNMA Home Ready Guidelines

FNMA HIGH LTV Refi FRM
FNMA HIGH LTV Refi FRM
  • Loan Terms of 15, 20, and 30 years are eligible
  • Primary, Second Home, and Investment Properties
  • Conforming Loan Limits and High Balance Loan Limits, as allowed by location and property type, up to $990,000
  • 620 minimum score for all borrowers, regardless of DU approval at lower scores
  • Maximum debt to income = 50%, regardless of DU approval with higher debt ratios
  Click here to view FNMA HIGH LTV Refi FRM Guidelines