Mortgage Information

Fannie 3/2

The Fannie 3/2 option is available for a 95 percent LTV loan. It combines a 3 percent down payment from the borrower's own funds with the remaining 2 percent from a gift, grant, unsecured loan, or Community Seconds® loan. Specific lender approval will no longer be required to deliver this product to Fannie Mae, effective 8/1/06.

Consumer Benefits

• Take advantage of down payment assistance funding with this flexible option.

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