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Limited Reviews on Investment Property Condos Now Permitted by FNMA

Effective immediately, JMAC Lending is now accepting LIMITED REVIEWS on Investment Condos per Fannie Mae’s recent announcement.

Limited Review Parameters

Maximum LTV/CLTV/HCLTV: The maximum LTV/CLTV/HCLTV is dependent upon the method by which the loan is evaluated and decisioned as well as where the property is geographically located Approve/Eligible Loans

  • Primary Residence: 90%/90%/90% (75% / 90% / 90% for Florida properties)
  • Second Home: ≤75% / 75% / 75% (70% / 75% / 75% for Florida properties)
  • Investor: 75%/ 75%/ 75% (70%/ 75%/ 75% for Florida properties)