Some types of personal property can be included in the sale without impacting the purchase price of the home. Proceeds from the sale of personal assets are an acceptable source of funds for the down payment, closing costs, and reserves.(i) If Fannie Mae requires Seller to repurchase the Mortgage Loan, Servicer may, in its sole discretion, require Seller to repurchase the Servicing Rights. Procedures: Originating Lenders shall follow VA, FHA, Rural Housing, Fannie. Mae and Freddie Mac quality control procedures as they apply. The Fund requires an independent appraisal of the subject property in accordance with Fannie. These loans are processed and underwritten to Fannie Mae, FHA, VA, and RD Guidelines, as applicable. Fee appraisers must complete VA assignments as quickly as appraisals for conventional loans are generally completed in the area where the property is located.
