융자관련 정보

융자지식198- CONVENTIONAL UNDERWRITING OVERLAYS CONVENTIONAL UNDERWRITING OVERLAYS Bulk correspondent transactions are not subject to Flagstar’s underwriting overlays except in the following categories: credit score, LTV/CLTV/HCLTV, purpose, property type, and AUS...

융자지식197- REPAIR ESCROWS FOR POSTPONED OR INCOMPLETE IMPROVEMENTS REPAIR ESCROWS FOR POSTPONED OR INCOMPLETE IMPROVEMENTS New construction and existing properties with repair conditions, which do not impact the ability to obtain an occupancy permit (if applicable) may...

융자지식196- MIXED-USE PROPERTIES MIXED-USE PROPERTIES For both Fannie Mae and Freddie Mac we will accept mixed-use properties, e.g., beauty shops, doctor’s office, small grocery, etc., as long as the following guidelines are met: • Property must be a 1-unit property that...

융자지식195- MODULAR, PREFABRICATED, PANELIZED, OR SECTIONAL HOUSING ELIGIBILITY- FANNIE MAE MODULAR HOMES MODULAR, PREFABRICATED, PANELIZED, OR SECTIONAL HOUSING ELIGIBILITY- FANNIE MAE MODULAR HOMES Fannie Mae purchases loans secured by modular homes built in accordance...

융자지식194- MANUFACTURED HOMES MANUFACTURED HOMES Flagstar Bank will only purchase loans secured by double-wide manufactured homes under fixed-rate programs. Conventional transactions must be Fannie Mae eligible. Refer to the 9000 Government Guidelines section for FHA...

융자지식193- LEASEHOLDS LEASEHOLDS An attorney’s opinion letter stating all warranties are met will be required on all loans. Letter must specify the investor under which the warranties have been validated; Fannie Mae, Freddie Mac, or preferably both Fannie Mae and...

융자지식192- INELIGIBLE PROPERTIES INELIGIBLE PROPERTIES • Properties with more than 1 accessory unit (Granny Unit, In-Law unit, etc.) • Vacant land or land development properties • Properties that are not readily accessible by roads that meet local standards • Income...

융자지식191- ENVIRONMENT HAZARD ENVIRONMENT HAZARD Environmental risk exposures are items such as gas tanks, railroad tracks, high tension wires, UFFI, industrial areas, radon, mold, or any other risk exposure. We will only accept properties with the above characteristics...

융자지식190- RESALE RESTRICTED PROPERTIES RESALE RESTRICTED PROPERTIES Deed restricted properties or resale restrictions are a right in perpetuity or for a certain number of years, stated in the form of a restriction, easement, covenant, or condition in any deed,...

융자지식189- APPRAISAL PORTABILITY PROPERTIES AFFECTED BY A DISASTER When there are instances of disaster events such as tornados, flooding, etc. it is the responsibility of the correspondent or broker to warrant that the subject property is in an acceptable condition....