Fannie Mae hub
Might a Fannie Mae loan fit?
Three taps about savings, credit and the home. Nothing you tap is saved or sent. The result says what may be worth asking a lender about.
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Your result
May not fit
A small down payment with a credit history still being built is a pairing many lenders find hard to say yes to on a conventional loan. The FHA hub explains a loan built with that pairing in mind. A lender can say for certain.
Amounts and limits change and differ by lender and by county. Ask a lender, and read the official page. Read the official page.
May fit
Good credit, some savings and a home you will live in is the plan conventional loans are often made for, and the loans Fannie Mae buys are conventional. Income and debts still decide the rest, so a lender is the one to ask.
Amounts and limits change and differ by lender and by county. Ask a lender, and read the official page. Read the official page.
Ask a lender
Not enough here to tell. Savings, credit and how you will use the home are the first things a lender will ask. Ask one whether your loan could be sold to Fannie Mae, and ask about HomeReady.
Educational only. AskResi is not a lender.