I just spoke with my lender about Fannie Mae loans.
The financing is 100% (so you don't have to save up for the 20%) and the interest rate that he is able to get for me is 5.8%, which is very good right now. The only catch is that the property has to be one that is built to strict Fannie Mae requirements.
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Originally Posted by Lady of Pearl
I hear that now is a good time to buy, unlike last summer when I was looking. There are even some real estate agencies that are now offering assistance to those who work in the public sector like teachers, and firefighters to buy at reduced rates. However, I am not in the market now as I am tired of moving! and will save for that 20 percent downpayment to lessen that mortgage payment!
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