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Many home buyers who are putting less than 20 percent down choose the Fannie mae homestyle program for its mortgage insurance guidelines. You can put as little as five percent down with this loan.
Fannie Mae Loans – SmartAsset – Fannie mae loan requirements. fannie mae only deals with conforming loans for residential properties. That means it backs mortgages up to $453,100, or $679,650 if you’re buying a single-family home in a high-cost area. If your dream home requires a jumbo loan, you’ll have to look elsewhere.
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