Missouri's Guide to Housing Assistance Programs

HOME PURCHASING

FANNIE MAE HOME-CHOICE LOANS

ELIGIBILITY:

• 18 years of age or older
• Low-income* and have a disability

SERVICES:

• Low interest homeownership loans through local lender institutions

Fannie Mae provides financial products and services that make it possible for low, moderate and middle-income families to buy homes of their own. Fannie Mae began in 1969.

Money is not lent directly to homebuyers. Instead the program works with lenders to make sure they do not run out of mortgage funds, thus making it possible for people to achieve their goal of owning their own home. When you go to a lender to qualify for a home loan Fannie Mae will be in the best position, along with your realtor, to assist you in determining if Fannie Mae funding can help with purchasing a home.

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[ Cover | Table of Contents | Introduction | What are My Options? | How Do I Qualify? | Financial Eligibility | Applying for Services | When Can I Access Housing? | What Do I Have to Pay? | What if I reside in a Nursing Home? | Affect the Number of Low Income Units | Section 202 | Section 811 | Mainstream Housing | Section 8 | Shelter Plus Care | Housing Opportuntities for Persons with Aids | Low Income Housing Tax Credit | Home Program | First Place Loans | Home Down Payment Assistance | Habitat for Humanlity | Veterans' Affairs | Fannie Mae Home-Choice Loans | USDA 504 | Home Repair Opportunity | Low-income Weatherization | Show Me Loans | Medicaid Waivers | Missouri Property Tax Credit | Other Agencies to Contact | Information to Know: Agency Listing | Glossary ]

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