how much deos fannie mae charge to guarnatee a mortgage?
my credit score is 2 points lower than my mortgage broker accepts so he is doing a fannie mae guarantee. The charge for us is 00.00. Is that standard? the loan amount is about 350,000 on a 500,000 home in NJ. I appreciate everyones input but I am not looking for ways to fix my credit score just about the fannie mae charge and how that works. thanks!!!
Tagged with: credit score • fannie mae • mortgage broker
Filed under: Fannie mae Questions
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No cost to the borrower. That fee is paid by the lender.