New Fees from Fannie Mae & Freddie Mac coming April 1st

Both Fannie and Freddie have announced they will be increasing upfront fees on 2nd home mortgages and on mortgages that finance homes with balances that exceed their standard conforming loan limits (higher $$ homes). Those fee increases take effect on April 1st, 2022.

Buyers looking for financing now should contact their mortgage lenders to get updated estimates for these fees so they know how it will impact their finances.