Fannie Mae - 97% LTV
Fannie Mae requires less money down!
Saving enough funds for down payment and closing costs is the primary barrier to home ownership for most first-time buyers. To expand home ownership opportunities for buyers looking to reduce the amount of cash required for their closing costs and down payment, Fannie Mae recently introduced their 97% LTV (loan to value) product, and we are proud to offer this product to eligible borrowers!
- This product is available for standard purchase and limited cash out refi’s (existing Fannie Mae loans only)
- At least one borrower must be a first-time home buyer
- Borrower’s income, assets, credit, and collateral must meet program guidelines
*The Sample Scenario reflects an estimated rate that is listed for illustrative purposes only and does not reflect current market rates or conditions. 720 credit score & 28% DTI.
**Reflects MI factor of 1.1%
***Monthly Payment includes estimated taxes/insurance/HOA dues of $333.00.