inner city fannie mae programs

Hotest Listing...

Dream Home In Cinco Ranch

Dream Home In Lake Ridge

Mortage Trends

Mortgage Rate Trends

courtsey of: real estate mash

Payment Estimator

inner city fannie mae programs

| Print |

Are there Fannie Mae programs for inner cities?

Home buyers in urban neighborhoods can take advantage of the secondary mortgage market institution's Fannie Neighbors Program.
This mortgage plan was created to increase homeownership and promote revitalization in central cities as well as minority low and moderate income "targeted" areas. Borrowers need less income to qualify for a mortgage and less cash for closing than with standard mortgages.

The program includes mortgages to buy or refinance a home.
Fannie Neighbors has no income limit for residents who are purchasing a home within designated central cities (if not the largest city in a metropolitan area, cities must have populations of 250,000 or more.) Borrowers must attend a seminar on home ownership and the home buying process. For a list of participating lenders, call Fannie Mae at (800) 732-6643.

Questions about Katy - West Houston Real Estate?

Ask us below or Call us Now at (832) 814-8715

Last Updated ( Tuesday, 29 July 2008 )