Why do a Fannie-compliant floor plan of my home?

If you’re a homeowner, you may have heard of a Fannie Mae floor plan. But what exactly is it, and why would you want one done of your home?

Fannie Mae, or the Federal National Mortgage Association, is a government-sponsored enterprise that works to provide affordable mortgage financing. In order to do this, Fannie Mae requires certain standards for homes that are eligible for financing. One of these standards is a Fannie Mae floor plan.

A Fannie Mae floor plan is a detailed, to-scale drawing of the layout of a home. It includes the location of all walls, doors, and windows, as well as the dimensions of each room. This information is important for lenders because it allows them to accurately assess the value of a property and determine whether it meets Fannie Mae’s eligibility requirements.

But why would you, as a homeowner, want a Fannie Mae floor plan done of your home? There are a few reasons.

First, if you’re considering selling your home in the future, having a Fannie Mae floor plan can be a valuable asset. Buyers and their agents will appreciate having accurate and detailed information about the layout of the home, which can make the buying process smoother and more transparent.