The HomeReady® product does not require the borrower(s) to be first-time home buyers, but the Standard 97 product does require them to be first-time home buyers.

Article Title: Fannie Mae-97% LTV Options for Purchases and Limited Cash-Out Refinances-Updated February 2018 By: Lloyd Rutherford, Staff Writer Fannie Mae has updated their FAQs for 97% LTV Options for Purchases and Limited Cash-Out Refinances.  Excellent clarification contained in this article, so be sure to read it and update your knowledge. Rule Synopsis: Fannie Mae updated […]

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