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97% LTV Mortgage Option for First-Time Buyers in 2015!

Well here is something to look forward to First-Time Home Buyers!  Fannie Mae is now backing mortgages with down payments as low as 3%.

The credit score required for a LTV of 75% or more is 680 for a Fixed Rate Mortgage.  See the other General Requirements here.

This option is available for Single-Family properties only.

Great news for all of the new prospective condo buyers this year!

It’s a start!

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By: doma

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