FHA - Fannie Mae - Freddie Mac Loans

FHA - Fannie Mae - Freddie Mac Loans
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Sunday, May 31, 2009

Cash Out Refinance Rules Fannie Mae Freddie Mac

Cash out transaction using Fannie Mae and Freddie Mac are limited to around 65% LTV and debt service coverage is now 1.30 to 1.

Rates are still very good in the 5.5% + - range. FHA refinance 5.9% + -
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KENDALL

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Origin: (Locality). Derived from the town of Kendal, in Westmoreland, England, and was so called from the river Ken, on which it is situated, and dale; the dale on the river Ken.

About Us:

Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, FHA and FNMA insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and a developer. Scott was the VP of Origination for several FHA and FNMA lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.

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