Fannie Mae is now offering conventional financing on loans up to 97% of the home’s value. See below for several of the benefits with this program.........
HIGHLIGHTS:
- No buyer funds required (3% down can come from gift money)
- No mortgage insurance
- No FHA approval needed for condos
- Lower payments with conventional financing
- Streamline loan approvals
- Any whole year term between 10-30 years
- Must have a first-time homebuyer on the loan. Otherwise 5% down is required.
HOW YOU CAN USE THIS:
- Market this on your listings at open houses. Many prospective homebuyers aren’t aware that they can put as little as 3% down without having to acquire mortgage insurance. You’ll acquire some new buyer prospects at your open houses!
- Market this to your leasers. If you've helped people find a property to lease in the past, stay in touch and tell them about this awesome opportunity to own instead of rent!
- Many people in Orange County have the income to support the required payment on a home purchase, but don’t have the savings. This program can benefit those folks!
Contact us with questions...we’re here to help your business!