Fannie Mae Charging Extra Fees For Second Home Buyers and Investors

Fannie Mae

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 borrowers 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 borrowers occupancy status.

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

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8097 Tauren CT, NAPLES, Florida 34119

Ibis Cove

3Bedroom(s)
2Bathroom(s)
45Picture(s)
2,044Sqft
Visits:0
Enjoy this beautiful coastal contemporary home. Largest floor plan in Ibis Cove. New roof in January 2024! Interior renovations completed in 2019 with counter level quartz countertops in kitchen, stainless steel appliances, with tiled backsplash. New built-in butler's pantry. Built-in cabinet for refrigerator and expanded pantry.
$750,000

7886 Martino CIR, NAPLES, Florida 34112

Firano At Naples

3Bedroom(s)
3Bathroom(s)
41Picture(s)
2,797Sqft
Visits:0
OPPORTUNITY KNOCKS.. GREAT ACCESS TO DOWNTOWN NAPLES AND GREAT VIEWS.....VALUE PRICED TO SELL.....YOU WILL BE IMPRESSED WHEN YOU ENTER THIS EXPANSIVE ENTRANCE WITH VOLUME CEILINGS AND LAKE VIEW IN DISTANCE.....
$799,900

27020 Oakwood Lake DR, BONITA SPRINGS, Florida 34134

Bonita Bay

2Bedroom(s)
2Bathroom(s)
36Picture(s)
1,926Sqft
Visits:0
Move right in to this highly sought after FIRST FLOOR, FURNISHED two bedroom PLUS den, two bath carriage home in the gorgeous community of Oakwood in Bonita Bay! With stunning lake and preserve views, this home is sure to impress! The floor plan is exceptional with the living area, dining room, kitchen and ENCLOSED lanai open to one another, all overlooking the lake and preserve.
$625,000

4451 Gulf Shore BLVD, NAPLES, Florida 34103

Park Shore

3Bedroom(s)
3Bathroom(s)
20Picture(s)
2,030Sqft
Visits:0
Welcome to unit #1005 in the Solamar, the ultimate experience in luxury high rise beach front living filled with amenities galore. This spacious 3 bedroom, 3 bath condo perched on the 10th floor offers over 2300 square feet of space complete with STUNNING 180 degree views of the Gulf, Bay and City lights.
$1,899,000

5051 PELICAN COLONY BLVD, BONITA SPRINGS, Florida 34134-6903

The Colony At Pelican Landing

4Bedroom(s)
5Bathroom(s)
41Picture(s)
4,068Sqft
Visits:1
Welcome to La Scala at The Colony Golf and Bay Club. Known for its spacious 64 sky homes from 3500 SF to over 7000 SF and amazing views from every level due to its waterfront location on Estero Bay, La Scala is now even better.
$1,925,000

8845 Oceana WAY, NAPLES, Florida 34114

Hacienda Lakes

3Bedroom(s)
2Bathroom(s)
9Picture(s)
1,800Sqft
Visits:1
The Khaya's gorgeous open-concept great room and casual dining area overlook the large covered lanai, perfect for entertaining. The well-appointed kitchen offers an oversized center island with breakfast bar, wraparound counter and cabinet space, and an ample pantry.
$639,995

27959 Lime ST, BONITA SPRINGS, Florida 34135

Highland Estates

2Bedroom(s)
2Bathroom(s)
22Picture(s)
1,060Sqft
Visits:0
This income producing home is nestled on a spacious corner lot in a quiet neighborhood of Bonita Springs. A well maintained 2-bedroom, 2-bath home with a newly built den offers the perfect blend of comfort, convenience, and investment opportunity.
$385,000

9590 Trevi CT, NAPLES, Florida 34113

Treviso Bay

3Bedroom(s)
2Bathroom(s)
13Picture(s)
1,408Sqft
Visits:0
FINALLY an opportunity to own a 3 bedroom Carolina, TOP FLOOR, END UNIT with the NEW stunning white on white decor AND picturesque private lake and preserve views! With 3 full beds and 2 full baths (guest bedroom can have private access to hall bath) this 1408 Sq.ft. Carolina unit is the most sought after model.
$615,000

4811 Island Pond CT, BONITA SPRINGS, Florida 34134

Bonita Bay

3Bedroom(s)
3Bathroom(s)
27Picture(s)
2,768Sqft
Visits:0
This spacious home, in Bay View of Bonita Bay, offers over 2,700 square feet of living space UNDER AIR with an additional 600 square feet of lanai space! This freshly painted three bedroom, three bathroom home can serve as your seasonal retreat or as your primary home.
$999,000

161 20th AVE, NAPLES, Florida 34120

Golden Gate Estates

3Bedroom(s)
2Bathroom(s)
32Picture(s)
1,594Sqft
Visits:2
Introducing your oasis in Golden Gate Estates! This charming 3-bed, 2-bath home sits on 2.27 acres with an open floor plan, offering the perfect blend of country living and Naples convenience. With space for a carriage home, pool, or barn, and easy access to I-75, airports, hospitals, restaurants, and beaches, this property is a rare find.
$625,000

4650 Idylwood LN, NAPLES, Florida 34119

Quail West

4Bedroom(s)
6Bathroom(s)
21Picture(s)
4,160Sqft
Visits:0
Immaculate estate home in Quail West with IMMEDIATE GOLF MEMBERSHIP AVAILABLE! Finished with the finest materials this open floor plan home lives all on one level offering 4 generous sized en-suite bedrooms and a beautifully appointed office.
$5,495,000

13621 Worthington WAY, BONITA SPRINGS, Florida 34135

Worthington

2Bedroom(s)
2Bathroom(s)
38Picture(s)
1,135Sqft
Visits:0
Welcome home to your stunning first floor condominium in the heart of Worthington Country Club. Soak in spectacular golf course views on your delightful southwestern-facing screened in lanai.
$299,900

2715 16th ST, LEHIGH ACRES, Florida 33971

Lehigh Acres

4Bedroom(s)
3Bathroom(s)
34Picture(s)
2,250Sqft
Visits:3
Welcome to the award winning St Lucia built by Avantgarde: The Building Group who's been proudly building in SWFL for over 20 years. This home is a sprawling 2250 SF under air, four bedroom, three full bathroom, den and in-law suite. The In-Law suite features private entry, kitchen, bedroom and bathroom approximately 450 SF.
$474,900

1338 Kendari TER, NAPLES, Florida 34113

Artesia

3Bedroom(s)
4Bathroom(s)
40Picture(s)
2,115Sqft
Visits:1
Experience the epitome of luxury living with minimal upkeep in this remarkable resort-style community! Surrounded by picturesque walking trails and nearby parks, you'll feel like you've entered paradise. Nestled just a stone's throw away from a serene lake, this property boasts easy access to the finest amenities of Marco Island and downtown Naples.
$649,000

4312 14th ST, LEHIGH ACRES, Florida 33976

Lehigh Acres

4Bedroom(s)
3Bathroom(s)
36Picture(s)
2,250Sqft
Visits:1
Welcome to the award winning St Lucia built by Avantgarde: The Building Group who's been proudly building in SWFL for over 20 years. This home is a sprawling 2250 SF under air, four bedroom, three full bathroom, den and in-law suite. The In-Law suite features private entry, kitchen, bedroom and bathroom approximately 450 SF.
$474,900

163 Trinidad ST, NAPLES, Florida 34113

Isles Of Capri

3Bedroom(s)
3Bathroom(s)
32Picture(s)
1,702Sqft
Visits:0
A Boaters Dream in Paradise is waiting for you with direct access to the Gulf of Mexico and 10,000 islands where fishing and boating is year round. You can relax outside on the deck and watch the sunset or enjoy some outdoor cooking with the family. Located in Isles of Capri, this calm and charming island is a great place to relax and enjoy by yourself or with the family.
$1,650,000

12191 Cactus DR, FORT MYERS, Florida 33908

Fort Myers

2Bedroom(s)
2Bathroom(s)
36Picture(s)
862Sqft
Visits:0
Turnkey manufactured home! AirBNB rental no rental restrictions and no HOA. 2017 build and can withstand up to 123 mph winds. Located 15 minutes from Ft. Myers Beach! This charming 2 bedroom 2 bath is perfect for a second home or investment property! Quick drive to some of the best restaurants around. Just down the road you will also find Sanibel Outlets & Sanibel Beach.
$184,999

773 Barfield DR, MARCO ISLAND, Florida 34145

Marco Island

3Bedroom(s)
3Bathroom(s)
34Picture(s)
2,094Sqft
Visits:1
Welcome to paradise! This nicely updated 3-bedroom, 3-bathroom residence is a boater's haven, perfectly situated for those who crave the saltwater lifestyle. Let's dive into the details: Water Direct Access: Sail away effortlessly from your private dock! No bridges stand between you and the Gulf of Mexico—just hop on your boat and explore the azure waters.
$1,350,000
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