• Low / no downpayment
• Closing cost financing
• Less-than-perfect credit
• Non-traditional credit
• No max income restrictions

FNMA MyCommunity^TM

• Ideal for 1-family homebuyers with little cash savings
• 100% financing
• Closing cost financing options available
• Homeowner education not required
• No maximum income restrictions in many areas
• Standard FNMA loan limits apply
• Available to permanent and non-permanent resident aliens
• Special options for teachers, police, firefighters, healthcare workers and handicapped persons
• Options Include:
  • 10 – 40 Year Fixed
  • 35 Year Fixed with 5 Year Interest-Only
  • 5/1 and 7/1 30 Year LIBOR ARM’s
  • 5/1 30 Year LIBOR ARM with 10 Year Interest-Only

FHA 203(b)

• 2.25% downpayment with 3% borrower contribution
• 31% / 43% ratios
• 6% seller concessions allowed
• Reserves not required on 1-2 unit properties
• No maximum income restrictions
• No first-time homebuyer restrictions
• Moderate loan limits vary by county
• Available to permanent and non-permanent resident aliens

FNMA Flex 97

• Up to 97% financing Borrower contributions as low as:
  • 3% from flexible sources including gifts, grants or unsecured loans from non-profit program
• Standard FNMA loan limits apply No maximum income restrictions
• No first-time homebuyer restrictions
• Options include:
  • 10 – 40 Year Fixed
  • 16 – 30 Year Bi-Weekly

VA Mortgages

• 100% financing
• 41% back-end ratio
• 4% seller concessions allowed
• Less-than-perfect credit flexibility
• Eligible borrowers include reservists, veterans and active-duty personnel

SONYMA Mortgages (available in New York State)

• Below-market interest rates
• Available SONYMA closing cost assistance loans
• LTV’s to 97% (100% for the Construction Incentive Program)
• Options include: Achieving the Dream, Construction Incentive and Low Interest Rate Programs

^*Source: US Housing Market Conditions Summary, US Department of Housing and Urban Development. Certain restrictions apply.