inner city fannie mae programs

Neighborhoods

9th and 9th
Arlington Hills
Canyon Rim
Capitol Hill
Emigration Canyon
Ensign Downs
Federal Heights
Foothill
Harvard-Yale
Kearns
Lower Avenues
Olympus Cove
St. Marys-Indian Hills
Sugarhouse
Upper Avenues

Contact Information

Kathy Opolski

RE/MAX Associates

6629 S 1300 E

Salt Lake City, UT, 84121

Office: 801-365-3150

Cell: 801-518-4599

Fax: 801-365-3151

kathyo@kathyohomes.com

inner city fannie mae programs

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Are there Fannie Mae programs for inner cities?

Home buyers in urban neighborhoods can take advantage of the secondary mortgage market institution's Fannie Neighbors Program.
This mortgage plan was created to increase homeownership and promote revitalization in central cities as well as minority low and moderate income "targeted" areas. Borrowers need less income to qualify for a mortgage and less cash for closing than with standard mortgages.

The program includes mortgages to buy or refinance a home.
Fannie Neighbors has no income limit for residents who are purchasing a home within designated central cities (if not the largest city in a metropolitan area, cities must have populations of 250,000 or more.) Borrowers must attend a seminar on home ownership and the home buying process. For a list of participating lenders, call Fannie Mae at (800) 732-6643.

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