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Press clips : Video Clips
1) HUD Homeownership subsidy
2) FNMA Zero-down loans
3) Vouchers Enable Low-Income HomeOwnership
4) Home Ownership: Pipe Dream or a New Reality
5) Daly Plan Pitifully Inadequate
6) May 16 HomeOwnership Debate in San Francisco
7) NAACP Minority HomeOwnership Program
8) Ellis/OMI/Costa Hawkins protections
9)Policy Hurts Immigrants
10)Home Ownership Causes HH Wealth
11)Class War and the Poverty Trap
12) Home Ownership Program for Equity

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Ownership vs rentSF Housing PollsTenant protectionHOT Revenue subsidyOwnership processPress Clips
 Loan Information ->FHA 0 dp loansFNMA Low programsFNMA Flexible 97FNMA Facts
Purchase money loans Nehemiah DP LoansHUD Special programFHA Fixup/Rehab loanCHFA Loan


FNMA Loan Facts

Product type
Fixed-rate, fully amortizing, purchase money mortgages with 10-, 15-, 20-, 25-, or 30-year terms
Eligible properties
One family, principal residences, including condos and PUDs
Max loan amt
Desktop Underwriter only
97% (up to 105% CLTV allowed with Community SecondsŪ loan)
Source of funds
Gift, grant, or loan from family, employer, government, or nonprofit; or borrower's own funds, which includes loans secured by assets such as a 401(k) account, CDs, stock, cash-value life insurance, etc.
Seller contribution
3% -- may cover closing cost and upfront fee
No minimum requirement -- actual amount varies based on loan characteristics
Expanded -- varies based on loan characteristics
Retail, wholesale, or correspondent
Mortgage insurance
18% coverage; premium as low as 50 bp annually, payable monthly
Upfront fee
1.5% (supporting lower MI cost and all-in lower monthly payment, which may be premium rate e.g., 0.375% in note rate, or paid through seller contribution)
MBS -- delivered under existing contracts without restriction
Cash -- special commitment required

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