MyCommunityMortgage by Fannie May

Are you ready to become a homeowner? We can help! The MyCommunityMortgage® program offers reduced mortgage insurance coverage levels and allows gift funds for full down payment. Contact a loan officer today to learn how you can become a homeowner!

MyCommunityMortgage® Program

What is a MyCommunityMortgage® loan?

This loan program that offers low down payment options and flexible credit terms that make it easier for you to buy the home of your dreams.

Benefits of MyCommunityMortgage® loans

  • Low down payment options
  • Flexible credit terms
  • Stable monthly payments
  • Reduced mortgage insurance coverage levels
  • Waived or lower qualifying income requirements
  • No-cash out refinancing

With this loan program, you may need little or no personal savings for a down payment, since it can come from gifts, grants or loans from relatives, nonprofit groups or employer-assisted housing programs.

*Homeownership education is required for first-time homebuyers for MyCommunityMortgages®.