Asked by Jadreamin1012, Brockton, MA • Sun Sep 16, 2012
As a health care worker I would be eligible. I am sure my income will be less than the $92,00 limit.
Any one doing "my community " loans?
Better than FHA? Fannieâ€™s My Community Mortgageby Gina Pogol
September 10th, 2010
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With FHA restructuring its mortgage insurance premiums on October 4th, itâ€™s probably time to take a look at other financing options. Many folks donâ€™t realize that Fannie Mae and Freddie Mac offer low down payment options too. For example, Fannie Maeâ€™s My Community Mortgage allows qualifying borrowers to buy a home with only 3% down, no upfront mortgage insurance premium, and pay a very low monthly mortgage insurance fee.
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