WE'VE GOT SOME EXCITING NEWS!!

Fannie Mae has come out with a new program called My Community. With expanded underwriting guidelines we are able to get more people qualified at better rates!

Here are some of the highlights of the program:

• 100% financing available
• no minimun fico requirements
• no reserve requirement
• no maximum debt to income ratio (DTI)
• only 20% mortgage Insurance coverage required
• mortgage insurance is now tax deductable
• 6% seller concessions for closing costs
• fixed or arm programs
• interest only and 40 year amoritization available
• borrower is not required to have their own money in the transaction
• less than perfect credit ok!
• rate term refinance allowed

We can run it through our automated system to get a preliminary approval so you know if you are eligible for this program. Fannie Mae takes the whole credit profile into consideration. Perfect for 1st time home buyers.  Call one of our mortgage professionals today for more information.