Exciting news for first-time homebuyers!

Buying a home is about to get easier...Fannie Mae is easing some qualification requirements, making conventional loans more accessible for first time homebuyers.

WHATS NEW:

• 3% down on Fixed Rate Mortgages (FRM)
• 5% down on Adjustable Rage Mortgages (ARM)
• Debt to income ratios are increasing from 45% to 50%
• More self-employed borrowers will be elegible to only provide 1 year of income tax returns
• More automated home evaluation
• Relaxed guidelines for student loans

Contact your Premier Mortgage lender for more information!