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Fannie Mae Re-Introduces A 3% Down Product…

By
Mortgage and Lending with Berkshire Lending, LLC

small brett pic Fannie Mae Re Introduces A 3% Down Product...

Fannie Mae used to have a 97% loan product.

Then they got rid of it.

Now they have brought it back. Effective December 13, 2014 Fannie Mae re-introduced the 97% loan product.

This is a lown down payment alternative to FHA.

Just wanted ya to know…

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

This is great to know - does it have the same lifetime pmi that FHA loans have? 

Dec 14, 2014 09:21 PM