97% LTV Options

97% LTV Options - Fannie Mae

Product Features:

• Desktop Underwriter^® (DU^®) underwriting required

• 1-unit principal residence, including eligible condos, co-ops, PUDs, and MH Advantage^® (Standard manufactured housing: max. 95% LTV/CLTV)

• Fixed-rate mortgages with a maximum term of 30 years and ARMs are eligible (restrictions apply)

• Reserves (if required per DU) may be gifted

• Combined LTV up to 105% provided subordinate lien is an eligible Community Seconds^® loan

Quick Links

≤97% LTV Factsheet ≤97% LTV FAQs

Homeownership Education Requirements

Education Requirement Education Requirement FAQs

Framework Homeownership Education Course Homeownership & Housing Counseling FAQs

Certificate of Completion of Housing Counseling (Form 1017)

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