Did you know that Fannie Mae and Freddie Mac both offer competitive low money down products as well? FHA is not your only option to get into a new home with less than 5% down.
- Down payment as low as 3%, even for first-time buyers
- Typically faster, easier and with a lower monthly payment than an FHA loan
- Reduce or even eliminate monthly mortgage insurance (not possible with an FHA loan)
- Gift funds can be used for entire down payment
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