This week, Freddie Mac and Fannie Mae announced new affordable low down payment mortgage loan products to help more people realize their dreams of home ownership. Qualified first time home buyers1 can now purchase a home with as low as three percent down2.
3% Down Payment Option – My Community Mortgage® Fannie Mae
The 3% percent down payment option is available under Fannie Mae’s My Community Mortgage® product for borrowers if at least one co-borrower is a first-time home buyer. Under the 97% LTV My Community Mortgage® product, borrower income limits may apply, mortgage insurance is required, and home buyer education is required. Find a loan officer near you to learn more about this affordable home financing option!
3% Down Payment – Home Possible® – Freddie Mac
Freddie Mac is making the 3% down payment option available through their Home Possible® mortgage product. Similar to the Fannie Mae option, Home Possible® will be available to qualified first time home buyers1 as of March 23, 2015. 97% LTV Home Possible® mortgages also require mortgage insurance and home buyer education courses.
Begin Your Journey to Home Ownership Today!
Apply online today! Once we receive your application, we will connect you with a licensed Inlanta Mortgage loan officer near you.
1At least one borrower must be a first time home buyer. Borrowers who have not held interest in a property in the last three years are also considered first time home buyers.
2 3% down payment on $100,000, 4.250%/ 5.166%% APR, 640 FICO, 30 -year fixed rate mortgage. Income limits may apply. 97% LTV programs are available to first time home buyers only. Home buyer education courses are required. Mortgage insurance is required for LTVs greater than 80%. Rates subject to change. Subject to credit approval.
Our Mission Statement
Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.
About Inlanta Mortgage
Last year, Inlanta Mortgage celebrated its 20th Anniversary. Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.
Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.