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Posts Tagged ‘Low Income’

New Fannie Mae Mortgage Program Makes it Easier to Purchase a Home | NAHB Now | The News Blog of the National Association of Home Builders

  Creditworthy borrowers with moderate to low incomes will be able to purchase a home with a downpayment as low as 3% through Fannie Mae’s newly announced HomeReady™ mortgage program. Aimed at helping borrowers access an affordable, sustainable mortgage, HomeReady replaces Fannie Mae’s MyCommunityMortgage®, and can be used by both first-time and repeat home buyers.…

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