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.
Real Estate Glossary:
401K - E |
F - M |
N - V
