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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447 Avalon DR, Cape Coral, FL 33904 CAPE CORAL
3Bedroom(s)
4Bathroom(s)
40Picture(s)
3,738
Visits:0
Spectacular Arthur Rutenberg direct Gulf-access pool home with sweeping views of Bimini Basin. This award-winning St Tropez III floor plan was customized to take full advantage of the gorgeous water views, which extend out 900+ feet across the basin. The 3738 square foot home features 3 bedrooms, 3.
$2,325,000
1923 20th TER, Cape Coral, FL 33909 CAPE CORAL
4Bedroom(s)
2Bathroom(s)
23Picture(s)
1,857
Visits:0
Brand New Roof, Brand New A/C, Brand New Water Heater, all appliances are also new. This charming property is completely remodeled and is located in a desirable neighborhood. Provides easy access to all the wonderful amenities and activities the area has to offer. The house features a spacious floor plan, oversized lot.
$345,700
2450 Tarpon RD, Naples, FL 34102 ROYAL HARBOR
4Bedroom(s)
5Bathroom(s)
39Picture(s)
4,450
Visits:0
Welcome to "The Gateway to Naples Bay." This one of a kind property is located on an estate size lot and offers the best of both worlds--the access and beauty of Naples Bay with the privacy & protection of canal living. Built in 2004, this 4+den/4.5 bath home was recently re-decorated and designer furnished by Clive Daniel, the multiple award-winning interior designers.
$8,945,000
4013 19th PL, Cape Coral, FL 33909 CAPE CORAL
3Bedroom(s)
2Bathroom(s)
2Picture(s)
1,477
Visits:0
Move in Ready Home.
Prepare to be impressed by this DELIGHTFUL New home in the Cape Coral community! The desirable Prescott Plan features an open living room that flows into a well-appointed kitchen and separate dining area. The Kitchen features gorgeous cabinets, granite countertops, and stainless-steel appliances (Including a range with microwave and dishwasher).
$306,990
7613 Bay Colony DR, Naples, FL 34108 PELICAN BAY
6Bedroom(s)
8Bathroom(s)
42Picture(s)
12,505
Visits:0
An exceptionally rare opportunity awaits the discerning buyer seeking a beachfront paradise in Naples, Florida. Embraced by the prestigious and secluded Strand at Bay Colony, this hidden gem offers an unparalleled level of privacy. Prepare to be captivated by the sweeping vistas of the tranquil Gulf of Mexico, perfectly showcased from this one-of-a-kind .98-acre beachfront property.
$26,000,000
3446 Nombella CT, Fort Myers, FL 33905 PORTICO
4Bedroom(s)
3Bathroom(s)
35Picture(s)
2,271
Visits:0
Welcome to 3446 Nombella Court! A brand new 4-bedroom, 3-bathroom single family home located in the desirable gated community of Portico in Fort Myers. This property features a 3-car garage and is conveniently located close to I-75. Enjoy brand new appliances, all tiled, Lake view and with all bedrooms on this ranch style home.
$520,000
5818 1st CT, Cape Coral, FL 33914 CAPE CORAL
3Bedroom(s)
2Bathroom(s)
29Picture(s)
1,297
Visits:0
The property is located in Southwest Cape Coral, a popular area known for its waterfront properties and proximity to various amenities. The home is within walking distance to Rotary Park. Rotary Park is known for its recreational activities, nature trails, and wildlife viewing, making it a great place for outdoor enthusiasts.
$390,000
10050 Valiant CT, Miromar Lakes, FL 33913 MIROMAR LAKES BEACH AND GOLF CLUB
3Bedroom(s)
3Bathroom(s)
19Picture(s)
2,134
Visits:0
Best Location. Resort style living at its finest. Magnificent 3 bedroom plus den, 2-1/2 bath second floor residence awaits you. This residence is completely tiled with the exception of bedrooms. Great open floor plan. Eat-in kitchen and formal dining room. This highly desirable open floor plan has over sized sliding glass doors with plenty of natural light coming thru.
$739,000
2201 Shad CT, Naples, FL 34102 ROYAL HARBOR
4Bedroom(s)
6Bathroom(s)
50Picture(s)
4,175
Visits:0
Discover a stunning new custom home that exudes the allure of a James Bond film. A 4 bed 4 bath & 2 half bath mansion spanning 4,175 sq ft under air and 6,075 sq ft of living, this recently completed masterpiece remains unscathed from hurricanes, elevated 8 ft above flood levels.
$11,200,000
1701 30th ST, Cape Coral, FL 33914 CAPE CORAL
3Bedroom(s)
2Bathroom(s)
33Picture(s)
2,265
Visits:0
Make this beautiful home in a nice central neighborhood to your personal oasis in Florida. It comes with plenty of room for the whole family. The complete tile flooring looks amazing. High ceilings make the living area and the bedrooms very spacious. Pool area is completely paved and screened so you can enjoy the amazing weather.
$599,000
2131 Davis BLVD, Fort Myers, FL 33905 FORT MYERS SHORES
3Bedroom(s)
2Bathroom(s)
21Picture(s)
1,410
Visits:0
This Boater's dream home has 3 bedrooms,1 bath, living room, family room, kitchen, laundry room on the left side and 1 bedroom, 1 bath, living room, eat in kitchen apartment on the right side. The lanai overlooks the concrete dock and canal. The home is located near I75 where you can find plenty of dining options, shopping, and activities.
$379,999
1085 Bald Eagle DR, Marco Island, FL 34145 MARCO ISLAND
1Bedroom(s)
1Bathroom(s)
37Picture(s)
800
Visits:0
Come and experience Paradise here on Marco Island. Riverside Club has just had the exterior buildings repainted white with beautiful accents in Blue and Gray. New lanai cages are being installed righ now! This beautiful condo offers amazing, million dollar, wide-water views from the lanai. Just bring your swimsuit, flip flops & sun screen...
$479,900
1047 33rd AVE, Cape Coral, FL 33993 CAPE CORAL
3Bedroom(s)
3Bathroom(s)
31Picture(s)
2,129
Visits:0
Absolutely Stunning 3 bedroom, 3 bath Gulf Access Pool Home. Located in NW Cape Coral. Gorgeous Expansive water views and a Boaters dream just 1 Bridge to the Matlacha Pass. Your new home features a Beautiful Pool & Spa with Sun Shelf, an Outdoor Kitchen, and Huge Lanai for Entertaining.
$929,900
1838 Whitecap CIR, North Fort Myers, FL 33903 LOCHMOOR
3Bedroom(s)
5Bathroom(s)
50Picture(s)
4,141
Visits:0
**STUNNING WATERFRONT HAVEN WITH SELLER FINANCING w/ 20% down** 3rd Party appraisal Oct 28, 2024 is $1,885,000 with a range up to $2,145,300! Listing Agent/Broker has an Ownership Interest.
Ultimate SWFL lifestyle without the limitations of Cape Coral! Nearly 1 ACRE of Extraordinary property in North Fort Myers is just five houses from the river.
$1,899,000
8150 Gopher Tortoise TRL, Lehigh Acres, FL 33972 TOWN LAKES
4Bedroom(s)
2Bathroom(s)
35Picture(s)
1,828
Visits:0
This Town Lakes Property, A Gated Community, with a Security Gate, and sidewalks and street lights. Town Lakes is fully developed. Some features are: Eat-in-Kitchen plus a dining/living open area for your family entertainment, Screeend Lanai under truss in the rear with a scenic view of the preserve, Split Bedrooms for privacy . Primary bedroom with privacy Bathroom, Appliances to be Provided.
$323,900
87 Collier BLVD, Marco Island, FL 34145 MARCO ISLAND
1Bedroom(s)
1Bathroom(s)
17Picture(s)
540
Visits:0
Beautiful New Reconstruction! Fully redesigned spacious one bedroom ground floor condo – featuring SUPERIOR QUALITY and CRAFTSMANSHIP – with an ideal SPECTACULAR poolside location and private assigned parking just outside your front door. Tile floors and wide crown molding throughout.
$379,000
179 Mahogany DR, Naples, FL 34108 PINE RIDGE
4Bedroom(s)
5Bathroom(s)
29Picture(s)
4,338
Visits:0
179 Mahogany Dr., a magnificent residence located in the prestigious Pine Ridge Estates. Situated on a 1.51-acre fenced lot. No expense has been spared in creating a luxurious atmosphere, with top-of-the-line features and finishes throughout. The gourmet kitchen is a culinary enthusiast's dream, equipped with Jenn Air appliances, an expanded island, and plenty of cabinet space.
$6,195,000
11620 Court Of Palms, Fort Myers, FL 33908 GULF HARBOUR YACHT AND COUNTRY CLUB
3Bedroom(s)
3Bathroom(s)
47Picture(s)
2,822
Visits:0
Stunning 6th Floor Castille in Palmas Del Sol. A must see property offering 10’ ceilings, 3 bedrooms 2.5 baths totaling over 2800 sq. ft. Recently renovated with an impact rated custom iron front entry door, diagonal porcelain tile, new impact windows throughout, stunning kitchen with pull outs and soft close, Sub Zero refrigerator, and a considerable pantry.
$1,299,000
