Loan Eligibility and Underwriting Requirements
High-balance mortgage loans must meet all standard Fannie Mae eligibility and underwriting requirements, as outlined in the Selling Guide, except as noted in this section. The following guidelines apply to all high-balance mortgage loans:
- Loans must be conventional first-lien mortgages only.
- Loans must meet the LTV, CLTV, and HCLTV ratios as outlined in the Eligibility Matrix.
- All borrowers must have a credit score.
- All loans must be underwritten through DU.
For additional eligibility information, see the Eligibility Matrix. For information about loan delivery, see B5-1-02, High-Balance Pricing, Mortgage Insurance, Special Feature Codes, and Delivery Limitations.