Fannie Mae is looking to educate home buyers online by dispelling the myths about buying their first home with a new flashcard.

For example, many people are still under the assumption that you still need a 20% down payment to purchase a home. This is false because there are quite a few mortgage programs that allow homebuyers to put as low as 3.5% for an FHA loan and 5% for a conforming loan.

Here is the Fannie Mae Dispel the Myths Spring Homebuying Flash Card:

Fannie Mae homebuying flashcard

 

Erik Sandstrom
LoanSafe's Mortgage Expert
I'm a Senior Loan Officer and LoanSafe mortgage expert. If you need a live rate quote, or need help getting a new mortgage, please call me direct anytime at 619-379-8999.