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 first–time homebuyer. Total qualifying income of all borrowers is less than or equal to 100%. Fannie Mae is also introducing a new loan–level price adjustment (LLPA) for cash–out refinance transactions. This LLPA will apply to all cash–out 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 loan–level price adjustment (LLPA) for loans with a loan–to–value (LTV) ratio greater than 95%. This LLPA will apply to all mortgage products regardless of the borrower’s 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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4751 Gulf Shore Blvd N # 2, Naples Fl 34103
2Bedroom(s)
2Bathroom(s)
17Picture(s)
1,252
Discover perfection in every detail of this exquisite penthouse, artfully renovated by BIG construction and nestled on the beach in prestigious Park Shore. This contemporary masterpiece looks out over Venetian Bay with gorgeous sunrises and twinkling evening lights from the floor-to-ceiling windows. The kitchen is a culinary dream, boasting a Wolf stove, Sub-Zero refrigerator, and custom cabinets.
$1,975,000
1011 Desoto AVE, LEHIGH ACRES FL 33972
5Bedroom(s)
2Bathroom(s)
43Picture(s)
1,638
Reduced to sell! Experience this unique country style home nestled on a large 1/2 acre Lot to keep your boat/RV and toys on. Surrounded by upscale homes, this home boasts a tastefully upgraded kitchen with several pull out features, granite countertops, tiled back splash, with view of your pool area and huge backyard. The Owner's Bedroom is located on the first floor.
$347,700
125 SE 11th TER, CAPE CORAL FL 33990
4Bedroom(s)
2Bathroom(s)
22Picture(s)
2,169
New Construction, SUPER Convenient Location in Central - South Cape! Craftsman Elevation with Large front & Rear covered porch! 2169 sq ft / 4 Bed / 2 Bath / 2 Car Garage, Granite Throughout, Stainless Steel, Level 2 Plank Tile through Whole House, 5' Tiled Master Shower with Glass Frameless Door, 1' Step-Up Tray Ceiling in Master Bedroom, Dining Room & Living Room, French Glass Doors leading out
$468,800
2510 SE 16th PL # 102, CAPE CORAL FL 33904
2Bedroom(s)
2Bathroom(s)
15Picture(s)
1,062
2 BEDROOM, 2 BATHS FIRST FLOOR CONDO, LOCATED JUST OFF THE MIDPOINT BRIDGE, OFFERS A FANTASTIC LOCATION, FOR A FIRST-TIME BUYER, AN INVESTOR, OR IF JUST DOWNSIZING YOUR HOME. COR-MARIE, IS A VERY FRIENDLY COMMUNITY, AND WOULD BE A GREAT PLACE TO LIVE. THE KITCHEN HAS REAL WOOD CABINETS, AND NEW QUARTZ COUNTERTOPS.
$187,000
15623 Sunny Crest LN, FORT MYERS FL 33905
3Bedroom(s)
2Bathroom(s)
31Picture(s)
1,314
Best-priced CBS pool home in the neighborhood! Welcome to the Villages at Buckingham, a beautiful neighborhood with a prime location NOT in a FLOOD ZONE! Boasting over 1300 sqft of living area, with 3 generously sized bedrooms and 2 full baths, this freshly painted home also features custom oak cabinets with granite counters, stainless steel appliances, a chainlink fenced yard, and a tremendous in
$324,900
403 Windermere DR, LEHIGH ACRES FL 33972
4Bedroom(s)
3Bathroom(s)
50Picture(s)
2,094
Looking for a spacious house? and at the same time you have a passion for gardening and planting, then this is the house you've been dreaming of. This property is a true treasure, offering you the opportunity to enjoy the fruits of the owner's labor. avocado tree, mango, banana, passion fruit, cherry, Japanese yam, soursop, dragon fruit, sugar cane, and more.
$399,900
320 NW 6th PL, CAPE CORAL FL 33993
3Bedroom(s)
2Bathroom(s)
37Picture(s)
1,831
BIG REDUCTION! Discover your dream home with this stunning 3-bedroom, 2-bath pool residence, featuring a dedicated den and over 1800 square feet of elegantly air-conditioned space. Perfectly positioned near essential amenities, this home ensures you're always just a heartbeat away from major thoroughfares, shopping, and dining delights.
$575,000
403 Rio De Janeiro AVE, PUNTA GORDA FL 33983
3Bedroom(s)
2Bathroom(s)
17Picture(s)
1,812
One or more photos have been virtually staged. BRAND NEW !! MOVE IN !! CUSTOM BUILD. WATCH VIRTUAL TOUR! Some photos are virtual images. A paver brick driveway and walkway lead to your grand entry through double doors to the great room with double-step tray ceilings. View the backyard with lush landscape, no immediate neighbors.
$449,900
6869 Grenadier BLVD # 303, NAPLES FL 34108
3Bedroom(s)
4Bathroom(s)
12Picture(s)
4,008
NEW CONSTRUCTION - Epique, a boutique tower, is 19 stories offering 68 spacious residences and is being created for those who appreciate exquisite design, luxurious appointments, and technological innovations. This estate residence offers over 4000 sq. ft and boasts 10ft. ceilings with floor-to-ceiling glass windows creating breathtaking views.
$6,500,000
360 Stella Maris DR N # 2404, NAPLES FL 34114
2Bedroom(s)
2Bathroom(s)
18Picture(s)
1,396
LOOK at this waterfront home 15 miles south of 951 and 41 junction in Naples and 10 minutes from the new Publix. This 2bed & 2bath ground floor unit has an over-sized Lani with a fantastic southern view giving you the best of both worlds, sunrise and sunset. See dolphin, manatee, and fish from your lanai. There's a community marina, ships store and boat launch across the canal.
$399,000
181 Karlow AVE, LEHIGH ACRES FL 33974
3Bedroom(s)
3Bathroom(s)
35Picture(s)
1,667
Welcome to YOUR brand new home with open floor plan that feels spacious from the moment you walk in. Creating a perfect space for family and entertainment, the modern kitchen featuring a large island with stainless steel appliances, white cabinets and ample storage. This residence offers three bedrooms , boasting two full baths, 1 half bath and a two-car garage.
$329,900
2825 Jenkins Way, Naples Fl 34117
4Bedroom(s)
6Bathroom(s)
43Picture(s)
5,200
EXCLUSIVE RETREAT NEAR TOWN!! Seize the opportunity of a lifetime with this extraordinary estate nestled on 30 ACRES OF PRISTINE PINE FOREST, right alongside the Hideout Golf Club. The front of this estate is the epitome of Southern charm, offering an oversized covered porch, perfect for rocking, relaxing and watching the many deer and wildlife pass you by.
$3,300,000
15489 Admiralty CIR # 6, NORTH FORT MYERS FL 33917
2Bedroom(s)
2Bathroom(s)
22Picture(s)
1,146
SECOND FLOOR OVERLOOKING THE MARINA WITH EXPANSIVE WATER VIEWS! Direct access to River/Gulf. This 2 bedroom 2 bath is located in Admiralty Yacht Club w/ resort like facilities. UNIT COMES WITH A BOAT DOCK AND LIFT! Enjoy the beautiful sunset every night from the oversized South Westerly facing patio. Vaulted Ceilings makes the unit light, bright, and airy. This unit has 2 patios.
$200,000
9557 Ironstone TER # 202, NAPLES FL 34120
3Bedroom(s)
3Bathroom(s)
50Picture(s)
2,297
LIVE A VACATION LIFESTYLE IN THE QUARRY! This freshly painted FURNISHED 2nd floor corner unit coach home (3+Den/2.5Baths/2Car Garage) is situated on the end of the cul-de-sac offering sweeping views of the lake and golf course.
$849,000
10038 Oakhurst WAY, FORT MYERS FL 33913
3Bedroom(s)
2Bathroom(s)
38Picture(s)
1,514
GOLF COURSE MEMBERSHIP INCLUDED IN THE PURCHASE (No Initial Membership Fee) -- SWIMMING POOL AND SPA -- SPECTACULAR GOLF COURSE VIEW!! One of the best views in Colonial Country Club! This beautiful 3 bedroom 2 bath home has wonderful upgrades including new interior paint. The kitchen has GRANITE COUNTER TOPS and NEW BEAUTIFUL WHITE CABINETS HAVE BEEN INSTALLED with new Designer hardware.
$554,999
433 NW 39th AVE, CAPE CORAL FL 33993
4Bedroom(s)
2Bathroom(s)
49Picture(s)
2,463
SELLER VERY MOTIVATED and ready to make a deal with you. Fully Furnished. Just painted inside & Out including pool deck 8/2024. New Roof 3/2024 with warranty transferable to new owner. New Pool Cage 6/2024. New Boat Canopy 8/2024 with warranty transferable to new owner. Check out this 4 bedroom, 1 den, 1 office home with 2 full baths.
$788,000
2801 SW 33rd ST, CAPE CORAL FL 33914
3Bedroom(s)
3Bathroom(s)
45Picture(s)
2,751
MAJOR price reduction! This remarkable pool home sits on nearly half an acre, boasting over 2,700 sq. ft. of living space and 191 ft. of water frontage on a wide canal with direct Gulf of Mexico access. Built by Tracey Homes in 2012 on the Dale Canal, this custom-built residence combines luxury, comfort and functionality.
$1,275,000
16560 Partridge Place RD # 101, FORT MYERS FL 33908
2Bedroom(s)
2Bathroom(s)
28Picture(s)
1,161
Completely renovated first floor condo in the wonderful community of Partridge Place in the Forest. This unit overlooks the lake and Golf Course from the open concept living kitchen area. Unit includes impact glass, Tile flooring, White soft close cabinets, stainless steel appliances, granite counter tops and more.
$199,999
