Fannie has announced LTV increases as high as 95% for 2-4 Unit Primary Residence properties.

This update will be available for DU-approved loans for new and resubmitted casefiles on November 18, 2023.

Fannie also announced self-employed borrowers may only be required to provide 1 year tax returns under certain circumstances where all of the borrower’s businesses have been in existence for >5 years.

Standard documentation requirements to verify the business apply. DU will be updated to only request the 1-year returns in these scenarios for new casefiles submitted on/after January 1, 2024.

Please see the Fannie Mae release found through the link below for more details on these changes, as well as other upcoming changes:
https://singlefamily.fanniemae.com/media/37021/display