Mortgage Information

Fannie 97®

This low down payment mortgage is ideal for the home buyer with enough income to cover a monthly payment but little cash for the down payment. Fixed-rate, 15- or 30-year terms. Specific lender approval will no longer be required to deliver this product to eSellHouse, effective 8/1/06.

Consumer Benefits

  • 97% LTV, 3% down payment
  • Debt-to-income ratios 33/38%

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