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My Community Mortgage
Fannie Mae

Program Overview

My Community Mortgage is a loan program for low to moderate income homebuyers with limited down payment (5%) and a need for flexible credit guidelines. Minimal credit score requirement. Anywhere

Who is eligible for this program?

Limited to borrowers at or below 100% of Area Median Income. For more information, click on the HUD table. Purchase or Limited Cash Out Refinance HUD Median Income Limits: 100 Is this program for first time buyers only? No

Property Eligibility Requirements

The program has no limitations regarding location. The sales price cannot exceed $ Consult with lender. Allowable property types: Single Family, Duplex, Condo, Townhome

Benefit Details

Loan Term: 30 years or less, fi years Homebuyer Counseling / Education Required: Yes Owner Occupancy Required: Yes Other Program Comments: Homebuyer Counseling/Education is required for first-time homebuyers. Landlord counseling for 2 unit buyers.

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.