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Real Estate Glossary - Fannie Mae's Community Home Buyer's Program


Fannie Mae's Community Home Buyer's Program

An income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home.

Borrowers who participate in this model are required to attend pre-purchase home-buyer education sessions.

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