What are Fannie Mae condo guidelines?
What are Fannie Mae condo guidelines?
A “Fannie Mae approved condo” means the condo in questions meets or exceeds those requirements, and the condo is eligible for federal financing. As of 2020, the Fannie Mae loan limit for condos is $510,400 — at least, in most parts of the country.
What properties are ineligible according to Fannie Mae guidelines?
Ineligible Properties vacant land or land development properties; properties that are not readily accessible by roads that meet local standards; agricultural properties, such as farms or ranches; units in condo or co-op hotels (see B4-2.1-03, Ineligible Projects), for additional information; More items…
Which is a type of insurance to avoid?
Avoid buying insurance that you don’t need. Chances are you need life, health, auto, disability, and, perhaps, long-term care insurance. But don’t buy into sales arguments that you need other more costly insurance that provides you with coverage only for a limited range of events.
What are the 5 main types of insurance?
Home or property insurance, life insurance, disability insurance, health insurance, and automobile insurance are five types that everyone should have.
What are the 7 main types of insurance?
7 Types of Insurance are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, Guarantee Insurance. Insurance is categorized based on risk, type, and hazards.
