Homebuyer uncertainty is currently high right now and for good reason:  Prices are at all-time highs, and rates are at 10-year highs.  Along with a bumpy economic outlook, it’s understandable why some buyers are hesitant about purchasing a home. But many financing experts, including Dave Ramsey, feel it’s still a good time to buy, if…

Condominium units in a project where the Homeowners Association is involved in pre-litigation, mediation/arbitration, or formal litigation are considered “non-warrantable” by Fannie Mae (FNMA), a United States Government-Sponsored Entities (GSE’s) whose main goal is to provide liquidity to the nation’s mortgage finance system. Non-warrantable condominium loans are not eligible to be sold to Fannie Mae,…

Fannie Mae (FNMA), a United States Government-Sponsored Enterprise (GSE) whose main goal is to provide liquidity to the nation’s mortgage finance system, owns the majority of mortgages in the United States. They have very specific guidelines for single family residences, including condominiums. Condominium projects that do not meet these specific guidelines are classified as “non-warrantable”.…