Marian Garcia-Stevens

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Surprising 3% Down To Become A Homeowner -Not FHA

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Mortgage and Lending with United Mortgage NMLS#239814CO#239814WA#CL-239814KS#MC-0001462MO#15-1624 NMLS 267152KS#0002436,MO#12621-MLOCO#100503962WA#267152
August 04, 2016 04:09 PM
 2012-06-19-20-53-57

Resource:

Homeready from Fannie Mae

Check Out This Fact Sheet

1) Affordable conventional Financing with Cancellable Mortgage Insurance

2) 3% Down-payment

3) Extended households may help buyers qualify

4) Others who don’t live in the home can join buyer on mortgage

5) Homeownership course to help buyers succeed

This is Fannie Mae Home-Ready program

As of July 16,2016 the income eligibility were simplified to 100% AMI (Area Median Income) or no income limit for low income census tracks.