{"id":201,"date":"2012-10-30T21:59:54","date_gmt":"2012-10-30T21:59:54","guid":{"rendered":"http:\/\/www.new.bettysanders.net\/wordpress_bsanders\/?p=201"},"modified":"2012-10-30T21:59:54","modified_gmt":"2012-10-30T21:59:54","slug":"new-fannie-mae-and-fha-condo-financing-changes-2","status":"publish","type":"post","link":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/?p=201","title":{"rendered":"“NEW Fannie Mae and FHA Condo Financing Changes”"},"content":{"rendered":"

Hello Betty,
\nCondo approvals do vary among the agencies. FHA does not follow FNMA.
\nThere has been no recent changes to the 10% ownership guideline, however this can vary based on the equity position and the need for a streamline or a full approval.
\nFor instance on some new construction it is accepted since the developer owns more.
\nIf the loan being refinanced was put into place prior to 5\/31\/2009, and is a FNMA or Freddie Mac owned loan, it may also qualify for an affordable home product. This will not have an issue with the 10% single owner. If these are not an option I would suggest your blogger contact either Johnson Bank or Associated Bank. Both of these lenders offer what is called non-warrantable condo financing.<\/p>\n

Thank You,
\nCindy<\/p>\n

Cindy Wawrzyniak
\nBranch Manager
\nNMLS# 211924
\n414-254-3623 Direct
\n414-254-3623 Cell
\n877-611-6829 Fax
\nCindy.Wawrzyniak@prospectmtg.com
\nCindyWawrzyniak.com
\n \"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello Betty, Condo approvals do vary among the agencies. FHA does not follow FNMA. There has been no recent changes to the 10% ownership guideline, however this can vary based on the equity position and the need for a streamline … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,12,1],"tags":[],"class_list":["post-201","post","type-post","status-publish","format-standard","hentry","category-home-buyer-programs","category-homeowners","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=\/wp\/v2\/posts\/201"}],"collection":[{"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=201"}],"version-history":[{"count":1,"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=\/wp\/v2\/posts\/201\/revisions"}],"predecessor-version":[{"id":203,"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=\/wp\/v2\/posts\/201\/revisions\/203"}],"wp:attachment":[{"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=201"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.bettysanders.net\/wordpress_bsanders\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}