Changes to Fannie Mae underwriting


Fannie Mae just announced major underwriting changes for loans submitted to its Desktop Underwriter (DU) making it easier for homebuyers with debt to qualify for a home loan.

With the upcoming change, the maximum allowable debt-to-income (DTI) ratio that can be submitted in DU will be 50%.

HOW THIS BENEFITS HOMEBUYERS:
• Wider range of homebuyers may now qualify
• More home buying opportunities for those with debt
• Dream homes are now more attainable than ever

This change will apply to new loans submitted on or after July 29th.

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