My Community Loan Program - Fannie Mae

Fannie Mae’s My Community loan program was designed for first time homebuyers with little or no credit history and little or no money down.

The My Community Mortgage program is ideal for homebuyers with limited funds for down payment and closing costs and those needing flexibility on credit and income sources.

Fannie Mae My Community Mortgage Program Highlights:

• Up to 100% financing (no money down)
• No prior credit history is required - alternative trade lines are required
• No minimum contribution from the buyer's own funds
• Fixed or adjustable rate loans are available with interest only options
• Loan terms up to 40 years
• Reduced mortgage insurance requirements help keep payments affordable

In addition to the above program highlights, the My Community Mortgage Program provides special underwriting consideration for:

• Teachers and educational institution employees
• Police officers and firefighters
• Health care workers
• Persons with disabilities (or those living with a family member with a disability)
• People living in underserved areas

Securing your mortgage is as easy as