WebFeb 27, 2012 · What Does Fannie Mae Say About the 5 Foot Rule. Fannie Mae doesn’t actually have any minimum height requirements (click link to read Fannie Mae’s selling guide) for upper levels, or for that matter any level. This guideline originates from the ANSI, which in 1996 produced a set of standards in relation to how a residential house should … WebDownload PDF. We recommend downloading the form to your computer and then open the form using Adobe Acrobat, or other PDF reader. Click here for more information on displaying PDFs in different browsers.
Can a sunroom be included in the gross living area of a home?
WebJan 5, 2024 · Credit score of at least 620 and a clean credit report. Steady, two-year history of employment and income, in most cases. A down payment of at least 3% … WebApr 5, 2024 · Fannie Mae also requires the lender to disclose such information to the borrower, and to comply with any state or local environmental laws regarding disclosure. The lender must make the final decision about the need for inspections and the adequacy of the property as security for the mortgage. how to set stones in metal
Standardized Property Measuring Guidelines - Fannie …
WebFannie Mae and Freddie Mac also can help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threaten the economy. The Enterprises’ support for mortgage lending that finances affordable housing reduces the cost of such borrowing. Fannie Mae was first chartered … WebWood Stoves and Solar Systems: Dwellings with wood burning stoves or solar systems as a primary heat source must have permanently installed conventional heating systems that can maintain at least 50 degrees Fahrenheit in all living areas and those containing plumbing systems. WebApr 5, 2024 · Fannie Mae considers a level to be below-grade if any portion of it is below-grade, regardless of the quality of its finish or the window area of any room. Therefore, a walk-out basement with finished rooms would not be … how to set stones