source:
  type: guide
  id: fnma-sel-b6-1-03
  authority: Fannie Mae Selling Guide B6-1-03 — Eligible VA-Guaranteed Mortgages
  description: Fannie Mae Selling Guide B6-1-03 — Eligible VA-Guaranteed Mortgages.
  coverage_tier: operative
obligations:
- id: fnma-sel-b6-1-03-full
  canonical_id: fnma-sel-b6-1-03-full
  section: Fannie Mae Selling Guide B6-1-03 — Eligible VA-Guaranteed Mortgages
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B6-1-03 — Eligible VA-Guaranteed Mortgages
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B6-1-03, Eligible VA-Guaranteed Mortgages (02/02/2022) Introduction
      This topic contains information on eligible VA-guaranteed loans, including:
      Eligible VA-Guaranteed Loans Other Fannie Mae Policies that Pertain to VA Loans
      Eligible VA-Guaranteed Loans Fannie Mae may purchase or securitize loans secured
      by one- to four-unit residential properties that are guaranteed by the VA only
      under Section 3710 of Title 38 for ﬁxed-payment loans in the United States Code.
      These VA loans can only be delivered to Fannie Mae on a negotiated basis. Other
      Fannie Mae Policies that Pertain to VA Loans Fannie Mae imposes the following
      additional policies for VA loans: Fannie Mae will purchase or securitize ﬁxed-rate
      VA-guaranteed loans that are subject to interest rate buydowns as long as the
      borrower is qualiﬁed at the note rate. The dollar amount of the VA guaranty
      must be at least equal to 25% of the original principal amount of the mortgage
      loan. Fannie Mae limits the maximum loan amount for VA loans to the one-unit
      conforming loan limit based on the county in which the property is located.
      (The one-unit limit applies regardless of the number of units in the property.)
      Recent Related Announcements The table below provides references to recently
      issued Announcements that are related to this topic. Announcements Issue Date
      Announcement SEL-2022-01 February 02, 2022 Announcement SEL-2020-04 August 05,
      2020 Announcement SEL-2019-03 April 03, 2019 Published May 6, 2026 826'
  judgment: false
