REMN Wholesale launches 97% LTV program

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REMN Wholesale has announced that it will begin offering loans under the Fannie Mae 97 percent LTV program. In line with REMN Wholesale’s commitment to quality in the modern housing industry, these lo.

REMN wholesale fnma homeready guidelines. January 2019 Page 2 . HOMEREADY PRODUCT MATRIX . Product Overview. Fannie Mae’s HomeReady program is designed for creditworthy, low-to-moderate income borrowers, with expanded

REMN Wholesale has announced that it will begin offering loans under the Fannie Mae 97 percent LTV program. In line with REMN Wholesale’s commitment to quality in the modern housing industry, these loans will allow mortgage brokers a very relevant option as they broaden their ability to source products for responsible buyers by offering a very affordable downpayment scenario.

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Home buyers with limited down-payment funds could have an easier time finding 97% mortgage financing in 2015. Two new programs announced recently would fund up to 97% of the purchase price, allowing borrowers to make a down payment of only 3%.

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With the new "mini-HARP 3.0" program, mortgage insurance is still required, but automatically drops off when the loan balance reaches 78% of the last appraised value. The new Fannie Mae conventional 97 rules allow for a more cost-effective refinance option than FHA. Who Does the 97% ltv refi Help?

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