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Medical Worker, Teacher, Police and Firefighter Flex
Fannie Mae

Program Overview

Medical Worker, Teacher, Police and Firefighter Flex is a program designed to help full-time medical workers, teachers, police officers and firefighters without established credit history, to qualify for a loan with little or no down payment. The program also offers flexible credit guidelines. Available in all locations.

Who is eligible for this program?

This program is available to full-time medical professional including, but not limited to, nurses, nursing assistants, medical technicians, dental assistants, pharmacy assistants, or employees of hospitals, nursing facilities, or doctors' offices. Must be able to contribute 1% of the purchase price or $500 of your own funds. Please refer to the lender's income guidelines for eligibility. $500 of borrower's own funds is required. Closing costs and prepaids can be financed. Maximum % of Sales Price: 100% Is this program for first time buyers only? Yes

Property Eligibility Requirements

Available in all areas. The sales price cannot exceed $ 417,000. Allowable property types: SFR, 2-4 Unit, Townhomes

Benefit Details

Benefit: Provides 100% financing with no private mortgage insurance. Loan Term: 360 years Homebuyer Counseling / Education Required: Yes Owner Occupancy Required: Yes Other Program Comments: This program requires a good 12 month credit history, including rent and at least 4 other monthly bills.

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.