What about Freddie and Fannie?

Great question. I can tell you that they are now lending at a 97% Loan to Value on all home loan purchases. They do not currently compete with the FHA on rates but they do compete and dominate the market when it comes to debt ratio and Jumbo Loans.The following exists as basic criteria with Freddie Mac and Fannie Mae. They will allow debt ratios of up to 60% with the appropriate amount of reserves. They will forgive most collections as long as they are not within the past year.The FICO Scores for financing at 95.1% or higher and they will go to 97% is 680. They will allow financing at 95% if your FICO Score is between 620 and 679. If you are selling your home it is easier to deal with Freddie and Fannie because the seller concession demands are less. If you are buying a home I would talk to a qualified Real Estate Agent and Mortgage Broker to find out what option best suits your situation.For more information please do not hesitate to log into my website at www.tombrewerjr.com.