Fannie Mae changes for these type of mortgages: second home mortgages, investment properties, and high balance loans. There will be additional costs for mortgage buyers of second homes and investment property mortgages. Loan level price adjustments for second home buyers, investment property buyers, and high balance loan customers for new purchase loans and mortgage refinancing.

A high balance LLPA will not apply if any borrower on the loan is a firsttime homebuyer. Total qualifying income of all borrowers is less than or equal to 100%. Fannie Mae is also introducing a new loanlevel price adjustment (LLPA) for cashout refinance transactions. This LLPA will apply to all cashout refinance transactions regardless of the borrower’s occupancy status. In addition, Fannie Mae is increasing the minimum credit score requirement for all borrowers on all mortgage products to 620. This change will take effect on May 1st, 2023. Fannie Mae is also introducing a new loanlevel price adjustment (LLPA) for loans with a loantovalue (LTV) ratio greater than 95%. This LLPA will apply to all mortgage products regardless of the borrower’s occupancy status.

FAQs

1. What types of mortgages are affected by Fannie Mae’s recent changes?

The recent changes affect second home mortgages, investment properties, and high balance loans. These changes include additional costs for new purchase loans and mortgage refinancing.

2. What are Loan Level Price Adjustments (LLPAs)?

LLPAs are additional fees based on specific loan characteristics such as property type, credit score, and loan-to-value (LTV) ratio. These fees are added at the time of loan origination and can impact the interest rate or closing costs.

3. Are there any exemptions from the high balance LLPA?

Yes, a high balance LLPA will not apply if at least one borrower on the loan is a first-time homebuyer and the total qualifying income of all borrowers is less than or equal to 100% of the area median income (AMI).

4. What is the new LLPA for cash-out refinance transactions?

Fannie Mae has introduced a new LLPA for all cash-out refinance transactions, regardless of the borrower’s occupancy status.

5. What is the minimum credit score required under the new Fannie Mae guidelines?

Fannie Mae has increased the minimum credit score requirement for all borrowers on all mortgage products to 620, effective May 1st, 2023.

6. What is the LLPA for loans with an LTV ratio greater than 95%?

A new LLPA has been introduced for loans with an LTV ratio greater than 95%. This adjustment applies to all mortgage products, irrespective of the borrower’s occupancy status.

7. Can borrowers avoid these new fees?

There may be strategies to avoid or minimize the impact of these new fees. For personalized advice and information on how to potentially avoid these fees, you can call 239-370-1513.

8. When did these changes take effect?

The changes, including the increased credit score requirement and new LLPAs, took effect on May 1st, 2023.

9. Who should I contact for more details?

For more information or to discuss how these changes might affect your mortgage options, call 239-370-1513.

There are ways to avoid Fannie Mae’s new additional fees. Call for more information. Call 239-370-1513

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1110 Gerald AVE, Lehigh Acres, FL 33936
LEHIGH ACRES

4Bedroom(s)
2Bathroom(s)
30Picture(s)
1,233
Visits:0
Stop scrolling—this is the one. Completely renovated from top to bottom, this 4-bedroom, 2-bath home is the perfect place to start your home-ownership journey. Everything has been updated, including a brand-new kitchen with quartz countertops, soft-close wood cabinets, and stainless steel appliances.
$179,900

10721 Parrot Cove CIR, Estero, FL 33928
CORKSCREW WOODLANDS

2Bedroom(s)
2Bathroom(s)
24Picture(s)
1,200
Visits:0
Beautiful home in the gated community of the Island Club in Estero with low HOA fees which include lawn care, basic cable and water. New roof and A/C unit in 2021. Updated kitchen and baths. Tile and bamboo flooring, plantation shutters and crown molding throughout. Recent interior paint and epoxy garage floor.
$389,500

7140 Bergamo WAY, Fort Myers, FL 33966
PORTOFINO

2Bedroom(s)
3Bathroom(s)
38Picture(s)
2,174
Visits:0
Welcome to Portofino – where space, privacy, and location come together beautifully. This spacious 2-bedroom plus den, 2-bath second-floor unit offers 2,174 sq ft of living area, making it one of the largest floorplans in the community. This unit offers a private, preserve-facing setting with no neighbors behind you and a peaceful backdrop of nature—perfectly enjoyed from the screened lanai.
$350,000

17425 Birchwood LN, Fort Myers, FL 33908
ROYAL WOODS

2Bedroom(s)
2Bathroom(s)
35Picture(s)
989
Visits:0
Enjoy peaceful lake views and modern living in this beautifully renovated 2BR/2BA first-floor condo in Royal Woods. This home features all-new impact-resistant windows and doors, crisp tile flooring throughout, and a bright white kitchen with granite countertops and stainless steel appliances.
$148,000

26973 Mc Laughlin BLVD, Bonita Springs, FL 34134
CAROLANDS

3Bedroom(s)
3Bathroom(s)
28Picture(s)
3,058
Visits:0
PRICE REFRESH!!don’t miss your opportunity to experience elevated coastal living in this spectacular 3,100 SF (under A/C) waterfront sanctuary—a seamless fusion of sophistication and function. From the moment you enter, rich crown molding and soaring volume ceilings set a tone of understated grandeur, while expansive western-facing windows frame mesmerizing Gulf sunsets.
$3,849,000

361 Weber BLVD, Naples, FL 34120
COLONIAL POINTE

4Bedroom(s)
3Bathroom(s)
33Picture(s)
3,060
Visits:0
Welcome to 361 Weber Blvd N, a beautifully maintained single-family home situated on a sprawling 2.27-acre lot in the highly sought-after community of Golden Gate Estates. Offering the best of both worlds—peaceful country living with the convenience of nearby city amenities—this property is ideal for families, outdoor enthusiasts, and anyone seeking space, freedom, and flexibility.
$1,200,000

9 14th AVE, Cape Coral, FL 33991
CAPE CORAL

4Bedroom(s)
3Bathroom(s)
37Picture(s)
1,931
Visits:0
Introducing this brand-new construction in Cape Coral! This stunning home offers 1,939 sq ft of living space and 3,096 total sq ft. It features 4 spacious bedrooms, 3 full bathrooms, a 3-car covered garage, and sits on a canal with a beautiful pool—perfect for Florida living.
$758,000

5203 Starfish AVE, Naples, FL 34103
SEAGATE

4Bedroom(s)
3Bathroom(s)
49Picture(s)
2,950
Visits:0
AN EXEPTIONAL LUXURIOUS HOME! Experience the true beauty of SW Florida’s coastal wonders! Welcome to 5203 Starfish Ave, a remarkable property offering direct Gulf access in the prestigious SEAGATE community. This one-story residence perfectly balances luxury and value featuring breathtaking views, 4 Spacious bedrooms, 3 full Bathrooms and His and Hers Office.
$3,400,000

1018 Chapel AVE, Lehigh Acres, FL 33971
LEHIGH ACRES

4Bedroom(s)
3Bathroom(s)
1Picture(s)
2,980
Visits:0
Very spacious 4 bedrooms 3 full baths. Seller motivated.
$425,000

127 43rd LN, Cape Coral, FL 33904
CAPE CORAL

3Bedroom(s)
2Bathroom(s)
36Picture(s)
1,566
Visits:0
Fully Renovated & perfect Location in the Heart of Southwest Florida! Perfectly located just minutes from Downtown Cape Coral, this beautifully restored home offers the ideal combination of comfort, convenience, and style. With city water, assessments paid, and surrounded by restaurants, schools, medical clinics, and everyday essentials, this property is truly in a prime location.
$345,900

1005 2nd AVE, Cape Coral, FL 33909
CAPE CORAL

3Bedroom(s)
2Bathroom(s)
41Picture(s)
1,785
Visits:0
This beautiful 3-bedroom + den, 2-bath home offers the perfect space to live in comfort and style. With a bright and functional layout, it features a spacious living area, a modern kitchen with stainless steel appliances, and a versatile den—ideal for a home office, playroom, or an extra bedroom.
$325,000

9241 Central Park DR, Fort Myers, FL 33919
CENTRAL PARK SOUTH CONDOS

2Bedroom(s)
2Bathroom(s)
46Picture(s)
876
Visits:0
Welcome to this beautifully maintained and spacious 2-bedroom, 2-bathroom condominium located in one of the most sought-after communities in the area. This GROUND-FLOOR unit offers the perfect blend of comfort and convenience.
$198,000

2904 44th ST, Lehigh Acres, FL 33971
LEHIGH ACRES

3Bedroom(s)
2Bathroom(s)
36Picture(s)
1,222
Visits:0
MOVE IN READY
$275,000

8429 Coral DR, Fort Myers, FL 33967
SAN CARLOS PARK

3Bedroom(s)
2Bathroom(s)
16Picture(s)
1,233
Visits:0
Charming Pool Home in Desirable San Carlos Neighborhood. 3-bedroom, 2-bath home with a 2-car garage—perfectly nestled in the highly sought-after San Carlos community. Featuring a new roof (2023) and a spacious layout, this home offers excellent potential with just a few light updates.
$309,900

1313 Thompson ST, North Fort Myers, FL 33903
BELLE AIRE LAGOON

2Bedroom(s)
1Bathroom(s)
29Picture(s)
1,182
Visits:0
**Waterfront Paradise Minutes from Downtown Fort Myers** Discover this beautifully remodeled 2-bedroom, 1-bathroom retreat, perfectly blending modern updates with serene waterfront living. Featuring gray kitchen cabinetry, tile throughout, a 2021 roof, and a new septic system, this move-in-ready home is designed for comfort and ease.
$325,000

10507 Washingtonia Palm WAY, Fort Myers, FL 33966
HERITAGE PALMS GOLF AND COUNTRY CLUB

2Bedroom(s)
2Bathroom(s)
39Picture(s)
1,383
Visits:0
Enjoy the best of Florida living in this spacious first-floor Veranda condo in the highly desirable Heritage Palms Golf & Country Club! This 2-bedroom + den, 2-bath residence with a detached 1-car garage offers comfort, convenience, and stunning views—all with no stairs to climb.
$349,000

21271 Leonard AVE, Port Charlotte, FL 33954
PORT CHARLOTTE

5Bedroom(s)
3Bathroom(s)
50Picture(s)
2,295
Visits:0
*MODEL HOME (Not for Sale)-Ask us about the list of properties for sale already built!* Welcome to CyberHouse 7, a groundbreaking 5-bedroom, 3-bathroom home offering 2,295 square ft of cutting-edge, next-gen living. Designed and built by Cyberone, this home redefines modern living by seamlessly combining strength, comfort, safety, sustainability, and style.
$550,000

2706 38th 38th AVE, Naples, FL 34117
GOLDEN GATE ESTATES

3Bedroom(s)
3Bathroom(s)
29Picture(s)
1,965
Visits:0
Brand new home, built in 2025. Outdoor is kitchen already done. Master bath has also a vanity with custom mirror included.
$669,000
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