What types of properties and loan transactions are eligible for the Fannie Mae Value Acceptance + Property Data?

The value acceptance offer will be considered on the transactions below: 

1. • Loan casefiles that receive an Approve/Eligible recommendation
2.  
   • One-unit properties, including condominiums 
3.  
   • Limited cash-out refinance transactions: 
     • Principal residences and second homes up to 90% LTV/CLTV 
     • Investment properties up to 75% LTV/CLTV 
4.  
   • Cash-out refinance transactions: 
     • Principal residences up to 70% LTV/CLTV 
     • Second homes and investment properties up to 60% LTV/CLTV 
5.  
   • Purchase transactions: 
     • Principal residences and second homes up to 80% LTV/CLTV 
     • Principal residences in “high-needs rural” locations identified by FHFA up to 97% LTV/105% CLTV (for borrowers at or below AMI), contingent on home property inspection 
     • Recently constructed property (i.e., new construction that is 100% complete) when there is an existing “as is” prior appraisal for the subject property 
6.  
   • The following are not eligible for a value acceptance offer: 
     • Texas 50(a)6 loans 
     • When the lender has any reason to believe an appraisal is warranted 
     • Construction and construction-to-permanent loans 
     • Two- to four-unit properties, cooperative units, and manufactured homes 
     • Transactions where either the purchase price or estimated value provided to DU® is $1,000,000 or more 
     • HomeStyle® Renovation and Homestyle Energy loans 
     • Leasehold properties 
     • Community land trust homes or other properties with resale price restrictions, which include loan casefiles using the Affordable LTV feature. 
     • DU® loan casefiles that receive an ineligible recommendation o Loans for which rental income from the subject property is used to qualify 
     • A transaction using a gift of equity

You can read more frequently asked questions from Fannie Mae's Update