themortgagellm™

‹ GSE Eligibility Check (Fannie + Freddie)

Clean 1-unit primary purchase at 90% LTV

Prompt

“Check Fannie + Freddie eligibility: purchase, 1-unit primary, $360K loan on $400K value, 720 FICO, 38% DTI, first-time homebuyer.”

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Response

✅✅ Eligible to both Fannie Mae and Freddie Mac.

Loan parameters:

  • Purchase, 1-unit primary residence, FRM (standard product)
  • $360,000 loan on $400,000 value (LTV 90.00%)
  • 720 FICO, 38.0% DTI, first-time homebuyer
  • Underwriting: DU Approve / LPA Accept

Fannie Mae

✅ Eligible — meets standard delivery requirements.

Rules evaluated: fnm-em-2026-05-06-1u-primary-purchase-lcor-fthb, fnm-em-2026-05-06-guard-credit-floor

Passing checks:

  • Max LTV: FRM 97% / ARM 95% (DU Approve required for >95%)
  • Max CLTV: FRM 97% / ARM 95%
  • Max HCLTV: FRM 97% / ARM 95%
  • Minimum representative credit score 620
  • Maximum DTI 50% (DU) / 45% (manual)

Freddie Mac

✅ Eligible — meets standard delivery requirements.

Rules evaluated: fre-em-2026-05-06-1u-primary-purchase-no-cashout, fre-em-2026-05-06-guard-credit-floor

Passing checks:

  • Max LTV 95%
  • Max TLTV 95%
  • Max HTLTV 95%
  • Minimum representative credit score 620 (LPA Accept floor)
  • Maximum DTI 50% (LPA Accept) / 45% (manual)

Checked against Fannie Mae Eligibility Matrix v2026-05-06 and Freddie Mac Single-Family Seller/Servicer Guide Chapter 4203 v2026-05-06. Automated triage against the codified standard-product grid only — high-balance / super-conforming overlays, Community Seconds exceptions, non-occupant overlays, and specialty products (HomeReady, Home Possible, HomeOne, CHOICE Renovation, etc.) are not yet codified. Final delivery eligibility requires Desktop Underwriter (Fannie) or Loan Product Advisor (Freddie).

Suggested follow-up questions