Keller Williams Realty
https://www.buyhomesincharleston.com/blog/new-fannie-mae-loan-program.html

New Fannie Mae Loan Program

Posted By: Alan Donald In: Mortgages
Date: Fri, Oct 2nd 2015 10:41 am

MORTGAGE NEWS

Still renting?

Need more space?

Mom & Daughter

Fannie Mae (the large mortgage loan holding company) decided to replace the MyCommunity Loan Program (which was targeted at first-time home buyers) with a new HomeReady Program.

PROGRAM HIGHLIGHTS


• Low down payment of 3%
• REDUCED Mortgage Insurance
• No First-Time Home Buyer requirement
• No minimum requirement of borrower’s own funds
• Non-occupant co-borrowers allowed
• Non-traditional credit allowed
• Gifts and grants allowed
• Homeownership education required
• One-unit principal residences only

Call/text 843-900-0155 to schedule a FREE, NO-OBLIGATION Buyer Consultation. Click HERE to request more information on mortgage loans, or to schedule a free consultation.