[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-279812-105":53,"doc-detail-279812-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","fannie-mae-standard-and-high-balance-product-profile-082826","Fannie Mae Standard and High Balance Product Profile - 08.28.26","","Fannie Mae-DU correspondent product profile outlining eligibility and delivery guidance for standard and high-balance loans, covering purchase and limited cash-out refinance, occupancy and property type distinctions, and term structures including fixed-rate and fixed-period ARMs. Includes overlays and exceptions such as Non-Del Only constraints, LTV/CLTV/HCLTV limits by unit and scenario, and key underwriting delivery requirements. Details ATR/QM compliance expectations, document age standards, and appraisal options including Value Acceptance, property data collection timing, desktop appraisal eligibility, and leasehold estate appraisal narrative requirements.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/fannie-mae-standard-and-high-balance-product-profile-082826/279812/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/fannie-mae-standard-and-high-balance-product-profile-082826/279812.png","ImageObject",442,249,{"name":88,"@type":89},"Franzy","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What does the “Non-Del Only” overlay indicate in this product profile?","Question",{"text":108,"@type":109},"It specifies that certain requirements apply only to non-delegated loans, as indicated by the underlined overlays and Non-Del only notes.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What are the ATR/QM-related responsibilities for correspondents?",{"text":113,"@type":109},"Pennymac will only purchase loans that comply with ATR/QM requirements, and correspondents must provide evidence of compliance, including clear fee itemization and credits that indicate amounts paid by/to the parties.",{"name":115,"@type":106,"acceptedAnswer":116},"What document age and appraisal timing requirements are included?",{"text":117,"@type":109},"For new and existing construction, credit documents must be no more than 4 months old on the note-signing date. Preliminary title policies must be no more than 180 days old on the note-signing date, and Value Acceptance property data must be obtained after the initial DU offer and submitted before the note date.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},279812,1790033714,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":35,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":140},2336478945519,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Pennymac Correspondent  \nFannie Mae Standard and High Balance Product Profile 08.28.26  \nOverlays to Fannie Mae are underlined. Overlays indicated as Non-Del Only are specific to Non-Delegated loans only  \n\n|  |  |  |  |  |\n| --- | --- | --- | --- | --- |\n| Agency | Fannie Mae-DU Approval |  |  |  |\n| Finance Type | Purchase and Limited Cash-Out Refinance |  | Cash-Out Refinance |  |\n| Occupancy | Primary Residence |  | Primary Residence |  |\n| Term | Fixed Rate and Fixed Period ARMs |  | Fixed Rate and Fixed Period ARMs |  |\n| 1 High balance or\u003Cbr>transactions with nonoccupant co-borrowers are limited to 95% LTV/CLTV\u003Cbr>2 Loans with Community\u003Cbr>Seconds may be eligible up to 105% CLTV. See Down Payment Assistance section.\u003Cbr>*2-Unit: High balance max. LTV/CLTV, HCLTV 85%\u003Cbr>**3-4 Units-High balance max. LTV/CLTV, HCLTV 75% | Property Type | LTV / CLTV / HCLTV2 | Property Type | LTV / CLTV / HCLTV |\n|  | 1 Unit | FRM 971\u003Cbr>ARM 95 | 1 Unit | 80 |\n|  | 2 Unit | 95* | 2-4 Unit | 75 |\n|  | 3-4 Unit | 95** |  |  |\n|  | Second Home |  | Second Home |  |\n|  | Fixed Rate and Fixed Period ARMs |  | Fixed Rate and Fixed Period ARMs |  |\n|  | Property Type | LTV / CLTV / HCLTV | Property Type | LTV / CLTV / HCLTV |\n|  | 1 Unit | 90 | 1 Unit | 75 |\n|  | Investment Property |  | Investment Property |  |\n|  | Fixed Rate and Fixed Period ARMs |  | Fixed Rate and Fixed Period ARMs |  |\n|  | Property Type | LTV / CLTV / HCLTV | Property Type | LTV / CLTV / HCLTV |\n|  | 1 Unit-Purchase | 85 | 1 Unit | 75 |\n|  | 1 Unit Limited Cash-Out Refi | 75 |  |  |\n|  | 2-4 Unit | 75 | 2-4 Unit | 70 |\n|  |  |  |  |  |\n\n\n| Maximum Loan Amounts | Current Guidance is available at: [https://www.fanniemae.com/singlefamily/loan-limits](https://www.fanniemae.com/singlefamily/loan-limits) |  |\n| --- | --- | --- |\n| Ability To Repay and Qualified Mortgage Rule | •\u003Cbr>••\u003Cbr>• | For loans subject to the ATR/QM rule, Pennymac will only purchase loans that comply with the ATR/QM requirements.\u003Cbr>o Note: Investment properties which are for business purposes (borrower does not intend to occupy for greater than 14 days in the year) are exempt from ATR/QM; however, such loans must meet agency eligibility requirements and are subject to the applicable points and fees threshold.\u003Cbr>Correspondents are responsible for providing evidence of compliance with the ATR/QM rules.\u003Cbr>Clear itemization of fees and application of all credits that indicate paid by/to will be required on all loans.\u003Cbr>See Selling Guide section \"Ability to Repay and Qualified Mortgage Rule\" under \"Delivery Procedures\" for more details. |\n| Age of Documents | •\u003Cbr>• | For new and existing construction, credit documents must be no more than 4 months old on the date the note is signed, including credit reports and employment, income and asset documents.\u003Cbr>Preliminary title policies must be no more than 180 days old on the date the note is signed. |\n| Appraisals | ••\u003Cbr>• | Minimum appraisal requirement as determined by DU. Approve/Eligible finding is required.\u003Cbr>The use of Value Acceptance is allowed when the final submission of the loan casefile to DU results in a Value Acceptance offer. A Value Acceptance offer may not be exercised if any of the following apply:\u003Cbr>o DU is unable to identify ineligible criteria including but not limited to Texas 50(a)(6)\u003Cbr>o An appraisal report is required by state law\u003Cbr>o Rental income is used to qualify the borrower\u003Cbr>o An appraisal is warranted based on additional information received about the property or subsequent events\u003Cbr>o If a full appraisal is obtained, the appraisal must be used\u003Cbr>Value Acceptance + property data (PDC) is eligible for certain loan casefiles where DU offers Value Acceptance + PDC\u003Cbr>o DU Approve / Eligible required\u003Cbr>o One-unit properties only\u003Cbr>o Condos (attached and detached) are eligible\u003Cbr>o Ineligible transactions include:\u003Cbr>▪ Manufactured homes\u003Cbr>▪ Investment properties where rental income is used to qualify\u003Cbr>▪ Proposed construc","cbCaiaxlc0O5VeKJ","https://ap.wps.com/l/cbCaiaxlc0O5VeKJ","pdf",278483,"English","# Fannie Mae Standard and High Balance Product Profile\n## Loan scope and overlays\n## LTV/CLTV/HCLTV limits by scenario\n## Maximum loan amounts and guidance links\n## Ability to Repay and Qualified Mortgage (ATR/QM) rule\n## Age of documents\n## Appraisals and appraisal programs\n## Desktop appraisal and leasehold estate requirements","[{\"question\":\"What does the “Non-Del Only” overlay indicate in this product profile?\",\"answer\":\"It specifies that certain requirements apply only to non-delegated loans, as indicated by the underlined overlays and Non-Del only notes.\"},{\"question\":\"What are the ATR/QM-related responsibilities for correspondents?\",\"answer\":\"Pennymac will only purchase loans that comply with ATR/QM requirements, and correspondents must provide evidence of compliance, including clear fee itemization and credits that indicate amounts paid by/to the parties.\"},{\"question\":\"What document age and appraisal timing requirements are included?\",\"answer\":\"For new and existing construction, credit documents must be no more than 4 months old on the note-signing date. Preliminary title policies must be no more than 180 days old on the note-signing date, and Value Acceptance property data must be obtained after the initial DU offer and submitted before the note date.\"}]","Fannie Mae Standard and High Balance Product Profile - 08.28.26 | PDF",1789527883,6]