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Fannie Mae Minimum Net

Posted by Deb on March 22, 2016 at 2:58pm in Short Sale Discussions

Hello Short Sale Superstars,

Used to be that Fannie Mae had a minimum net of 88% of market value, then they would go down in specific increments from there.  Anyone know what Fannie Mae is up to these days with their minimum net?  Thanks in advance!  Deb

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Replies

  • Luther Fisher April 15, 2016 at 6:04am

    I have one right now where FNMA has accepted 95% of appraised value . 

  • Jonathan Katz March 23, 2016 at 5:08am

    It's tough to find out FNMA Min NET's. Generally I find that they want an offer at least of 90% of their FMV. More often than not the sweet spot seems to be around 94% on the low end. FNMA is as strict as ever!

    Brett@ishortsalenow.com

    310-564-6389

    www.ishortsalenow.com

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