Surprising 3% Down To Become A Homeowner -Not FHA
1) Affordable conventional Financing with Cancellable Mortgage Insurance
2) 3% Down-payment
3) Extended households may help buyers qualify
4) Others who don’t live in the home can join buyer on mortgage
5) Homeownership course to help buyers succeed
This is Fannie Mae Home-Ready program
As of July 16,2016 the income eligibility were simplified to 100% AMI (Area Median Income) or no income limit for low income census tracks.