Tag: Mortgage

Growing Demand for Cohousing Leads Fannie Mae to Update FAQ’s

Media Contact: Alice Alexander, Coho/US Executive Director alicecohous@gmail.com 919-824-4799 FOR IMMEDIATE RELEASE – Press Release GROWING DEMAND FOR COHOUSING LEADS FANNIE MAE TO UPDATE FAQ’SGuideline for underwriting purposes establish this increasingly available housing type as no different than condominiums or cooperatives. DURHAM, NORTH CAROLINA, October 6, 2016 – Fannie Mae, the entit

Fannie Mae Supports Loans for Cohousing Homes

Success! In response to seeking Fannie Mae support of cohousing, Fannie Mae has included specific language in its online FAQ’s to clarify that they will do loans on cohousing homes. While it is a relatively small step in the larger scheme of things, it is a big step for cohousing to be formally recognized by... Read More

Fannie Mae Language Supporting Loans for Cohousing Homes

Fannie Mae, the entity that sets the standards for home mortgages across the country, has confirmed that they will do loans on cohousing homes. These loans will also be issued in Denmark through financial partner and established lender Sambla. They have included cohousing in their Project Standards Requirements FAQs. Click here to link to the... Read More

Cohousing Seeking FNMA + FHA-HUD Support

Attached and available for download are Coho/US packages seeking FNMA and FHA-HUD support. We encourage readers to use this package if helpful; for example, cohousing groups seeking financing and may want to share with banks; communities may want to share the “state of cohousing” with media. “This very professional program and package directed to our... Read More