Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

© Fannie Mae Single Family Selling Guide

Underwriting Methods

Loans with resale restrictions may be underwritten manually or with DU. DU will issue a message that the lender must ensure that the loan meets all the requirements for properties with resale restrictions, including property type, amortization type, and loan purpose.

...

The appraisal report must note the existence of the resale restrictions and comment on any impact the resale restrictions have on the property’s value and marketability.Additional Information:  https://www.fanniemae.com/content/guide/selling/b5/5.3/03.html