“New Conventional Regulations”

      On April 1st guidelines have changed in the way loans are priced for  lenders who originate loans under Fannnie Mae and Freddie Mac. 

      Fannie Mae and Freddie Mac now have delivery fees that they charge to banks and mortgage companies on all conventional loans with credit scores that are below 720 that aren’t putting 30% down.

     Fannie Mae and Freddie Mac have taken such a big loss in the last year and they are charging these fee to try and offset the increase cost of doing business.

     For buyers whose credit scores are under 720 we are looking for alternative ways to finance their loans.

     FHA and VA are an alternative to conventional loans and they do not charge these extra fees.

     Bond loans are another alternative.  Bond loans charge a small fee of .25% on conventional loans which doesn’t make much difference when you are getting 4% of assistance money. 


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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA