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Lender's Designation/Deletion of Payee Information To: Fannie Mae Mail Drawer: Form 482 Mail Stop: 5H-4W/07 13150 World gate Drive Herndon, VA 20170 Transaction Information 1. Type of Transaction
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Start by carefully reviewing the instructions provided with the form. It is important to understand the purpose and requirements of the form before filling it out.
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Who needs Fannie Mae form 482:

01
Individuals or entities involved in a Fannie Mae-related transaction or agreement may need to fill out form 482. This may include borrowers, co-borrowers, lenders, sellers, or any other relevant parties.
02
Fannie Mae form 482 is typically required to document important information and details related to the transaction, such as borrower and property details, loan requirements, or any other information relevant to the mortgage or loan process.
03
The form may be required by Fannie Mae or other entities involved in the transaction, such as lenders, underwriters, or loan servicers, to ensure compliance with their policies and procedures and to facilitate the smooth processing of the transaction.
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Fannie Mae form 482 is a form used by Fannie Mae, a government-sponsored enterprise, to gather information about a borrower's financial condition and the property being financed.
The borrower or the mortgage applicant is required to fill out and file Fannie Mae form 482.
To fill out Fannie Mae form 482, the borrower needs to provide accurate and detailed information about their income, assets, debts, and the property they wish to finance. The form can be obtained from the lender or Fannie Mae's website, and it should be completed following the instructions provided.
The purpose of Fannie Mae form 482 is to evaluate the borrower's creditworthiness and determine if they meet the necessary criteria for a mortgage loan. It helps Fannie Mae assess the risk associated with lending to the borrower and make informed decisions about loan approval.
Fannie Mae form 482 requires the borrower to report various financial information, including their income, assets, debts, employment history, and details about the property they wish to finance. Additional documentation may be required to support the reported information.
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