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| My Community Mortgage |
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My Community Mortgage
This loan product developed by Fannie Mae is perfect for first time home buyers with limited funds and wanting the very best loan they can have.
This loan features:
100% financing
Fixed Rate or 7 year ARM
Low PMI that is now tax deductible
Loans available without origination fee
Seller can pay up to 6% of costs.
Term: 30 years
Maximum Amount: $417,000
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $359,650 with closing costs of $7,193. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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