Sentences with phrase «conforming credit guidelines»

They generally use traditional conforming credit guidelines.

This matrix should be used to find lenders for unusual properties, borrowers and loan programs when the borrower is otherwise qualified under conforming credit guidelines.

Not exact matches

Neither Fannie Mae nor Freddie Mac's underwriting guidelines specifically mention credit counseling or DMPs for conforming loans.

Neither Fannie Mae nor Freddie Mac's underwriting guidelines specifically mention credit counseling or DMPs for conforming loans.

Conforming loans must also meet other guidelines related to a borrower's loan - to - value ratio, debt - to - income ratio, credit score and history, documentation requirements, etc..

But its success has been limited, largely because conforming mortgage lenders have tightened underwriting guidelines, people troubled by the economy have lower credit scores, and the cost of refinancing has increased considerably.

Conforming loans (loans that conform to Fannie Mae and Freddie Mac guidelines) are a good choice for borrowers with very good credit, which generally means a FICO score of 740 or higher.