If you are shopping around for a house then we have some program changes that are actually good for a change. Fannie has a new program for home they own, meaning if they have foreclosed on the property and are trying to sell it then they will give you terms you cannot get through other programs. Here are some of the highlights:
1. No appraisal required.
2. Low credit score requirements.
3. Available to owner occupants and investors(investors can own 10 properties).
4. Up to 6% contribution to the deal by the seller.
5. No MI.
6. Max LTV up to 97%.
This really is a great program. Call us at 830-9685 for more information.