Fannie Mae Increases Fees!

Maricopa County Property TaxThere has been a recent announcement from Fannie Mae that they will be increasing their fees. The upfront fee, which is known as the Loan Level Price Adjustment  (LLPA), will have a new structure which will increase by .25%

Couple this with the current fee structure and you could find yourself paying thousands of dollars more!

For example, a home buyer with a 720-739 credit score who borrows $200,000, will face a fee of 1.50% which equates to $3,000.  No indication yet, when this will take place, so stay tuned!

For  more information on this please visit:

http://www.bloomberg.com/news/2013-12-09/u-s-owned-mortgage-backers-guarantee-fees-increased-by-fhfa.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s