ELIGIBILITY MATRIX The Eligibility Matrix provides the comprehensive loan-to-value (LTV) ratios, combined LTV ratios (CLTV), and home equity CLTV ratios (HCLTV) and minimum credit scores (if applicable) for conventional first mortgages eligible for delivery to Fannie Mae.
For Limited Cash Out refinance transactions > 95% LTV, indicate that the existing mortgage is owned by Fannie Mae. On the 1008 transmittal screen, select the "Mtg and Appraisalinfo" tab and then in the "Owner of First Mortgage" field, select Fannie Mae.
MUST refer to the Fannie Mae Eligibility Matrix for accuracy on reserves, DTI, LTV and credit scores. PDF Eligibility Matrix – Fannie Mae – eligibility matrix The Eligibility Matrix provides the comprehensive LTV, CLTV, and HCLTV ratio requirements for conventional first mortgages eligible for delivery to Fannie Mae.
Fannie Mae HomeStyle Conventional Matrix April 1, 2019 The Money Source Inc. NMLS #6289 1 HomeStyle Renovation – Desktop Underwriter (DU) tms requires correspondent lenders to submit loans using the services of Land Gorilla- a third party renovation management company.