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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4138 22nd PL, Cape Coral, FL 33909 CAPE CORAL
3Bedroom(s)
2Bathroom(s)
12Picture(s)
1,285
Visits:0
NEW CONSTRUCTION WITH WARRANTY! The Santa Maria’s open floor plan blends the Great Room, kitchen, and dining room to create a large main living area that flows effortlessly through sliding glass doors to the breezy covered lanai. You’ll immediately notice the vaulted ceiling over the Great Room and statement breakfast bar built into the kitchen’s island-style cabinetry.
$294,990
21880 Bella Terra BLVD, Estero, FL 33928 BELLA TERRA
5Bedroom(s)
3Bathroom(s)
50Picture(s)
2,961
Visits:0
Here is the Estero Pool home you’ve been waiting for! Located in the highly sought-after gated community of Bella Terra, this popular Oxford model offers 5 bedrooms, 3 full bathrooms, and a 3-car garage with approximately 3,000 sq. ft. of spacious living. Enjoy the serene view of a nature preserve from your private backyard, complete with a screened-in pool and spa.
$659,500
2238 6th PL, Cape Coral, FL 33993 CAPE CORAL
3Bedroom(s)
2Bathroom(s)
37Picture(s)
1,846
Visits:0
Beautiful freshwater waterfront home with a seawall and pool located in desirable NW Cape Coral! Many new features interior & exterior paint, carpet & roof. When you walk in you will notice the vaulted ceiling and sought after split floor plan. The two guest bedrooms are on the opposite side of the home allowing privacy for the master bedroom.
$399,900
17230 Germano CT, Naples, FL 34110 MEDITERRA
4Bedroom(s)
5Bathroom(s)
50Picture(s)
3,547
Visits:0
NO WAITING! IMMEDIATE GOLF MEMBERSHIP AVAILABILITY SLOT! NEWLY RENOVATED PRIVATE BEACH CLUB.
Located in the renowned luxury golf & country club community of Mediterra in Naples, Fl. Welcome to 17230 Germano Ct, perfectly positioned on a private lot that overlooks the 6th hole of the North course and a serene lake.
$3,849,000
936 5th AVE, Naples, FL 34102 THE AVENUE
3Bedroom(s)
4Bathroom(s)
18Picture(s)
2,107
Visits:0
Elevated downtown living at The Avenue—Naples’ newest luxury destination blending high design, world-class service, and curated retail. This 3-bedroom, 3.5-bath residence with large outdoor space located in the 900 Block, with interiors custom designed by the globally recognized firm Nainoa.
$3,750,000
1021 10th AVE, Cape Coral, FL 33993 CAPE CORAL
3Bedroom(s)
2Bathroom(s)
33Picture(s)
1,408
Visits:0
This stunning home has been fully renovated with thoughtful upgrades throughout. The kitchen features granite countertops, a stylish stone backsplash, and stainless-steel appliances, creating a modern and sleek space perfect for cooking and entertaining. Both bathrooms have been fully updated with glass shower doors, elegant vanities, and new showers for a spa-like experience.
$315,000
15927 Grassland LN, Punta Gorda, FL 33982 BABCOCK RANCH
3Bedroom(s)
2Bathroom(s)
50Picture(s)
2,222
Visits:0
Anything but ordinary... practically perfect in every way! You'll know this is "the one" from the moment you walk through the front door. It's a feeling, a lifestyle and it's waiting for you! Step into this highly sought after Penthouse Coach home overlooking the 5th hole of Babcock National Golf & Country Club. This home offers a deeded golf membership and access to first-class resort amenities.
$499,000
10 Le Mans DR, Naples, FL 34112 RIVIERA GOLF ESTATES
2Bedroom(s)
2Bathroom(s)
28Picture(s)
1,260
Visits:0
Location! Location! Walk to everything from this well
cared for home! Just around the corner is the saltwater
pool, clubhouse, Tiki hut, fitness room, library, and billiard
room. Relax out back on outdoor patio or on a screened in
lanai and enjoy nature. New A/C in 2022 and new flooring.
Spacious living room plus a separate sitting area with fireplace.
$209,000
13990 Eagle Ridge Lakes DR, Fort Myers, FL 33912 EAGLE RIDGE LAKES
3Bedroom(s)
2Bathroom(s)
48Picture(s)
1,505
Visits:0
Welcome to 13990 Eagle Ridge Lakes Drive, Unit 102 – A Rare Blend of Elegance, Comfort, and Serene Living
This beautifully appointed 3-bedroom, 2-bath ground-floor condo offers 1,763 sq. ft. of refined living space, designed to impress.
$399,999
4951 Gulf Shore BLVD, Naples, FL 34103 PARK SHORE
4Bedroom(s)
4Bathroom(s)
12Picture(s)
3,999
Visits:0
Beautifully renovated with spectacular views of the Gulf from nearly every room, this direct beachfront condo is one of a kind in the highly sought after Le Parc. With over 3,500 square feet of living space, 4 bedrooms plus den and 4 full baths, the expansive floor plan is luxury beachfront living at its finest.
$8,995,000
1902 2nd PL, Cape Coral, FL 33993 CAPE CORAL
3Bedroom(s)
2Bathroom(s)
29Picture(s)
1,422
Visits:0
This beautiful home is move in ready! Beautiful marble tiles placed in the living room that provides spacious living area to entertain. Kitchen is beautifully done with big island for those who love to cook and entertain, also serves as a dining table. Excellent for a first time home buyer or family. Big master bedroom with walk in closet and master bath with large tub.
$330,000
3051 Sandpiper Bay CIR, Naples, FL 34112 NAPLES SANDPIPER BAY CLUB
2Bedroom(s)
2Bathroom(s)
38Picture(s)
1,200
Visits:0
Desirable First-Floor, UPDATED, Partially Furnished and Move-In Ready Condo in the heart of Naples at Sandpiper Bay with BOAT DOCKS (docks available for lease or purchase). The ideal home you've been searching for has arrived with all projects recently completed including the glass enclosed lanai for expanded living space under AC.
$325,000
16106 VIA SOLERA CIR, Fort Myers, FL 33908 SAIL HARBOUR
3Bedroom(s)
3Bathroom(s)
39Picture(s)
1,819
Visits:0
Very Rare Find. PRESERVE VIEW. Upgraded and Large (1819 Sq Ft) 3 bed, 2.5 baths and 1 car garage two story townhouse in Sail Harbor community. Right across the Health Park Hospital. Close to the beaches and all amenities. Tiled first floor (living room and tiled kitchen with granite counter tops) , carpeted second floor. Screened Lanai, all appliances w/ washer and dryer.
$269,000
1407 Tropic TER, North Fort Myers, FL 33903 TROPIC TERRACE
2Bedroom(s)
2Bathroom(s)
32Picture(s)
930
Visits:0
Welcome home. Just steps away from your reserved parking spot is the front door to a small piece of paradise. Open it and you will enter your 930 square foot condominium and enjoy sunny Florida living at its best. Looking straight through the unit, you’ll see a fully enclosed Florida room outside your slider waiting for you. To the left is your eating area next to the large living space.
$124,000
2251 End CT, Lehigh Acres, FL 33973 WESTMINSTER
3Bedroom(s)
2Bathroom(s)
41Picture(s)
2,063
Visits:0
This home is move-in ready and fully loaded! Beautifully maintained and updated 3 bedroom 2 bath pool home located in Westminster Community. Split Bedroom floor plan, with covered and screened lanai to enjoy that outdoor living area overlooking the heated pool and professionally landscaped backyard.
Westminster Community offers many social activities plus a 24-hour attended gate security.
$489,900
3315 37th ST, Lehigh Acres, FL 33976 LEHIGH ACRES
4Bedroom(s)
3Bathroom(s)
39Picture(s)
2,081
Visits:0
Great location! Great value for a single family home in a good location~~ 4 BEDROOMS AND 2 1/2 BATH ~~~Beautiful updated home, catering to families, part time residents and investors. Moving ready perfect conditions and spotlessly clean. 2024 New Roof. High ceiling with open floor plan. Kitchen opens to the large living room . Updated lighting fixtures and ceiling fans. New water heater.
$465,000
6504 Costa CIR, Naples, FL 34113 LELY RESORT
3Bedroom(s)
4Bathroom(s)
25Picture(s)
2,926
Visits:0
"Live Life Beautifully in Southwest Florida" in this stunning Turnkey Furnished Estate Home with Southern Exposure and Long Lake Views in Lakoya at Lely Resort. Welcome to this modern single-family estate home in the prestigious gated community of Lakoya at Lely Resort. From the moment you walk up to the new Iron front doors you know this home is a true gem.
$1,850,000
11211 Yellow Poplar DR, Fort Myers, FL 33913 BOTANICA LAKES
3Bedroom(s)
3Bathroom(s)
31Picture(s)
1,958
Visits:0
Location! Location! Location!
Come and experience the Florida Lifestyle in this bright and spacious home with a great lake view. This charming one-story home features 3 Bedrooms and 2.5 bathrooms, offering tile floors throughout the living areas and high ceilings. The split floor plan gives you a lot of elbow room for the whole Family or when you have guests over.
$424,900
