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CategoriesLatest in Blog- Should You Buy A New Home Or A Resale Real Estate Professional Marc Oster Helps You Make Your Choice
- What Area of Colorado Should You Buy In?
- Here are the 3 most common mistakes Investors Make when Buying Foreclosures, by Investing Expert Marc Oster
- Getting a mortgage not for the faint of heart to buy a home in Greeley Colorado
- Real Estate Agent Marc Oster Discusses The 4 Things Every Renter Should Know
- Rent and Income Property, by Marc Oster, Greeley Colorado and Weld County Real Estate Agent
- The Perfect Real Estate Agent - A Listener and an Adviser, by Marc Oster, an Experienced Expert in the Greeley Colorado and Weld County Market
- Is A Fixer-Upper Right For You?, by Marc Oster, Greeley Colorado and Weld County Real Estate Expert
- Real Property or Personal Property?, by Marc Oster, Greeley Colorado and Weld County Real Estate Expert
- How to Find the Right Neighborhood when Purchasing a New Home in Greeley Colorado and Weld County, by Marc Oster, Real Estate Expert in Greeley Colorado and Weld County
VC Funding Technology
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What is Fannie Mae's low-down program? |
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Providing valuable resources for our Greeley Colorado and Weld County Real Estate Buyers and Sellers is our top priority.
Fannie Mae is expanding the availability of low-down-payment loans in an effort to help more people nationwide qualify for a mortgage.
Two new programs will help potential buyers overcome two of the most common obstacles to home ownership, low savings and a modest income.
To address many first-time buyers' struggles to save the down payment,
Fannie Mae developed Fannie 97. The program provides 97 percent
financing on a fixed-rate mortgage with either a 25- or 30-year loan
term through Fannie Mae's Community Home Buyers Program.
Fannie Mae's new Start-Up Mortgage will assist buyers with a 5 percent
down payment who are at any income level. Yet applicants do not need as
much income to qualify and less cash for closing than with traditional
mortgages. Borrowers will receive a 30-year, fixed-rate mortgage with a
first-year monthly payment that is lower than the standard fixed-rate
loan.
Freddie Mac, Fannie Mae's counterpart, also offers low-down-payment loan programs.
Questions about Greeley Colorado and Weld County Real Estate?
Ask us below or Call us Now at 970-614-5000
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Last Updated ( Tuesday, 29 July 2008 )
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Service areasInformation on this website for real estate in Fort Collins, Frederick, Greeley, Evans, Johnstown, Milliken, Longmont, Loveland, and Windsor Colorado is deemed to be reliable but not guaranteed. Listings for real estate and properties in Fort Collins, Frederick, Greeley, Evans, Johnstown, Milliken, Longmont, Loveland, and Windsor Colorado provided by Y & M Real Estate LLC. Listings data may be useful for many Northern Colorado areas including Fort Collins, Frederick, Greeley, Evans, Johnstown, Milliken, Longmont, Loveland, and Windsor Colorado.
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