Both Fannie Mae & Freddie Mac have announced that they will have a 97% loan-to-value product. They are trying to help 1st time homebuyers who are credit worthy but lack the funds normally required to purchase a home. They will each use automated underwriting systems to evaluate the buyer’s risk. They will also be offering homeownership counseling in hopes to improve the borrower’s knowledge & performance.
So, with rates low & the market prices at an almost standstill…this is a great time to buy! Call us today for more information @ 480-240-9724 ext. 1
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