inner city fannie mae programs

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Contact Information

Joyce C. Jeffrey

Summit Executive Realty

4530 Barksdale Boulevard, Suite E

PO Box: P.O. Box 8341

Bossier City, Louisiana, 71112

Office: 318-747-3117

Cell: 318-208-0470

joycejeffrey@realtor.com

Lic. #: Licensed in Louisiana USA

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.

Questions about Shreveport, Louisiana Real Estate?

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