Skip to main content
Locate Branch or ATM cart
Locate Branch or ATM cart

Fannie Mae 97%

A smart, low down payment option for homebuyers

Featuring the ability to finance 97% of the value of a home, a Fannie Mae Fixed Rate Mortgage is designed to help first-time and experienced homeowners alike. With a lower down payment option and the ability to borrow with less-than-perfect credit, this is a great option to make home ownership more affordable.

To Start an Application or Talk to an Expert:

    • Stack of Money

      Low down payment

    • Thumbs up icon

      Less-than-perfect credit considered for approval

    • Lock

      Fixed monthly principal and interest payment

    • Arrows

      Fixed rate mortgage with multiple repayment terms

  • A Smart, Low Down Payment Option:

    A Fannie Mae 97% Fixed Rate Mortgage from FNB can help you attain the home of your dreams.1 Fixed rate mortgages are the most popular form of home loans in the U.S. largely due to the appeal of a consistent principal and interest payment amount over the life of the loan.2 As the name implies, a fixed rate mortgage loan is one where your interest rate remains the same for the duration of your loan. With this special program, you may be eligible for a low down payment.

    What is Fannie Mae?

    Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a U.S. government-sponsored enterprise that provides mortgage financing and special programs for mortgage lenders like FNB.

    Key Features:

    • Set interest rate for the life of the loan
    • Low down payment
    • Fixed monthly principal and interest payment
    • Multiple repayment terms available
    • Less than perfect credit considered

    Key Benefits:

    • Interest rate doesn’t change over time
    • Interest may be tax deductible3

    Great For:

    • First-time home buyers

  • Applying for a Fannie Mae 97% Fixed Rate Mortgage:

    Whether you would like to get pre-approved or begin the application process, we have convenient ways for you to get started. You can begin by adding this product to your cart. During the checkout process, you can select the option to get started online or set up a time to meet with one of our experts.

    Getting Prepared

    It is helpful if you have the following documents with you during the application process:

    • Fully executed purchase agreement, if available
    • Most recent 30 days of pay stubs
    • Most recent two (2) months of bank statements
    • Prior two (2) years of your W2s
    • Prior two (2) years of tax returns
    • Current driver’s license or photo ID

With any account, you also get the latest in digital technology:

Products With You In Mind

FNB offers a full breadth of products and services for your needs.

Blue person icon

Need help now? Call us or schedule an appointment.

Contact a Local Expert

  1. Article

    First-Time Homebuying, Part 1: Getting Your Financial House in Order

    The purchase of your first home may be the most important financial decision you'll ever make — and possibly the largest, as far a...

  2. Article

    Good Credit is Key

    The lower the interest rates on your loans, the more income you'll have available for other uses, including saving for retirement....
Notices & Disclosures

1 - FNB is an Equal Housing Lender; NMLS #766529.
2 - All loan products are subject to underwriting/credit approval.
3 - Interest may be deductible; check with your tax advisor.

0 items in your cart

Cart Proceed to Checkout

Product video