97% Percent LTV Options 97% LTV Convential Loan Highlights:  Rate and Term transactions require loan refinanced to be currently owned by Fannie Mae. Purchase transactions require at lease one borrower to be a First Time Home Buyer (defined as not having an ownership interest in a property in the previous three years). NO MORTGAGE INSURANCE. Gift funds eligible for down payment and reserves.   LTV Options Fannie Mae is offering 97% LTV/CLTV/HCLTV financing options to help lenders serve

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