FAQs 97% LTV Options for Purchases and Limited Cash-Out ...
a first-time home buyer? Our HomeReady mortgage does not require that borrowers be first-time home buyers. Fannie Mae standard transactions using 97% LTV financing, however, must have at least one borrower who is a first-time home buyer. Q6. Are there differences in eligibility or requirements between HomeReady and Fannie Mae standard ................
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