What Are Common Lender Overlays on Government Mortgages
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What Are Common Lender Overlays on Government Mortgages

All mortgage companies need to have their borrower meet the minimum agency mortgage guidelines of HUD, VA, USDA, Fannie Mae, Freddie Mac. However, lenders can have higher lending requirements called lender overlays. Lender overlays are higher lending requirements that is above and beyond the minimum agency mortgage guidelines