Monday, January 25, 2016

Fannie Mae Home Ready Program (Compare to FHA)

Fannie Mae Home Ready Program

Low down payment. Up to 97% financing for home purchase with many borrower flexibilities.

Flexible sources of funds can be used for the down payment and closing costs with no minimum contribution required from the borrower’s own funds (1-unit properties). 

Conventional home financing with cancellable monthly MI. 

Homeownership education helps buyers get ready to buy a home and be prepared for the responsibilities of homeownership. The required training offers an easy-to-use, online course.

Contact me with any questions

Bob McCormick, President

Toll Free 800-328-0144 or MortgageQuest@Cox.Net

In-House Bridge Loans Available (purchase before selling and remove contingency)

Mortgage Quest a dba of McCormick Lending Group, Inc. We offer In-House Bridge Loans for borrowers who want to purchase a new pro...