ChoiceAmerica Lending, LLC.

MyCommunityMortgage™A New Affordable Home Loan Solution

In partnership with Fannie Mae, we offer the MyCommunityMortgage™ program, to help you say "Yes" to an increasingly diverse population of low- and moderate-income borrowers.

The biggest source of new household growth in this decade – an estimated 64% – will come from emerging market borrowers, such as minorities and immigrants.

Source: National Association of Realtors®

New Features

Interest-Only available on 1-2 units
2/1 Buydown option available

Features include:

Fixed or Adjustable rate loans
LTV/CLTV up to 100%/105%*
Reduced Mortgage Insurance requirements (Ex: LTV >97.00% <= 100%: 20%)
Financed Mortgage Insurance up to 100% CLTV
Non-traditional credit profiles accepted
No minimum borrower contribution required in some cases
Boarder Income permitted
Income limits waived in FannieNeighbors® areas

*CLTV to 105% with an eligible Community Second Mortgage.