Is Buying a Home for 3% Down in Newtown Even Possible?

New Haven County Real Estate Agent Jonathan Carbutti talks about the new 3% down payment mortgage program for first-time home buyers, courtesy of Fannie Mae.

There are many great New Haven County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (203) 269-4910 x 12 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I want to talk to you about a great new mortgage program that just launched. Fannie Mae now has a 3% down home loan available for first-time home buyers. Buying a home just got a whole lot easier, not to mention cheaper.

This 3% down product is very competitive with FHA and, in some respects, is even better than a similar FHA product. With the Fannie Mae 3% down loan, there is no upfront mortgage insurance.

If you are a first-time home buyer and haven't owned a home in the last 3 years, give me a call or send me an email. I'd love to talk to you about this program and see if you could qualify. I look forward to hearing from you soon!