Fannie Mae Positive Changes

Yes, it’s been a while since you heard from me.  I always want to do better.  and now I’ve got something great to say!

If you’re on my private email list then you already heard this from me.  But here goes again.

Fannie Mae has changed their guidelines for investors purchasing property from already having four properties (mortgaged by any lender) up to  ten mortgages held by any lender. 

Maybe they are seeing we are the saviors of the economy.

Here’s the link www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0902.pdf

and here’s in essence what it says:

If you don’t yet hold 10 mortgages in your name or LLC, you may still qualify for a Fannie Mae loan.  Your credit score needs to be 720 or above and there is of course a down payment due.  But the interest rate will be closer to the current interest rates available to non investor owned properties.  This program starts March 1, 2009.

• So get those credit score up.
• Get prequalified and
• Start looking for REO’s and working those short sales HARD!

Good Changes are coming and the prices are right!

for more information on Short Sales, check out

The Short Sale Queen’s Member Site

Deb McMillan

Short Sale Queen and Coach