Guideline: GINNIE MAE
Effective Dates:
September 11, 2009 (last day to register)
September 23, 2009 (last day to close)
September 30, 2009 (last day to fund)
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All loans closed through the Ginnie Mae’s securitization platform must conform to standard FHA guidelines.
Please find Topdot’s hard credit overlays below – there are NO exceptions to the following criteria:
- MINIMUM 560 FICO for DU APPROVED or MANUAL loans
- Must provide income and credit for non-borrowing spouse:
** Husband and wife do not both need to be on the loan but the loan will not be approved unless
income and credit have been provided to the underwriter
** Non-borrowing spouse need not meet minimum FICO
- MAX DTI eligible for consideration is 60
- 3 year seasoning on foreclosure on ANY property
- 2 year seasoning on BK with excellent re-established credit
NEW – exciting – NEWS!
- Ginnie Jumbos now permissible through GNMA- MUST be DU approved (min. FICO is 560)
Respectfully,


Marc R. Greenstein
Mortgage Specialist
Direct: 516-719-5507
Cell: 631-764-1284
Fax: 516-719-5707
Toll Free: 866-562-6628 x507
Email: mgreenstein@topdot.com
www.topdot.com