Servicing Guide

Published June 10, 2020

The Servicing Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Servicing Guide in PDF format.

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What are the property preservation cut grass requirements for lots over one acre (more than 43,560 square feet)?

The servicer is to cut the perimeter on useable land on over one acre lots regardless of the perimeter square footage (as long as the perimeter square footage adds up to less than one acre). The servicer is to utilize the corresponding grass cut lot square footage allowable.

The servicer must cut:

  • All sides and entry points surrounding the property, driveways, sidewalks, and main dwelling and any attached structures.

               - It is at the discretion of the servicer if cutting around any detached structure(s) is needed.

  • From the front view of the property to the street (starting with the grass closest to the front of the house working towards the street to allow as much street visibility as possible).

Note: Any pasture/farm land and/or wooded areas are not required to be cut.

Example: Lot is 90,000 square feet in a rural area with a long driveway from street view. Perimeter to be cut is 22,000 square feet. The servicer is to utilize the '15,001- 25,000 square feet' grass cut allowable to cut the perimeter (initial allowable and then re-cut allowable thereafter). No over allowable bid is necessary.

For additional information please see: Property Preservation Matrix and Reference Guide, Section 5, Initial Securing and Initial Services.

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