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Frequently Asked Questions and Answers to the new Conventional 97% Mortgage.
Is the Conventional 97 a government-backed mortgage program?
Yes, the Conventional 97 mortgage program is backed by the government. It’s offered via Fannie Mae only. The program is not available via Freddie Mac, nor is it available via the Federal Housing Administration (FHA), Department of Veterans Affairs (VA) or the U.S. Department of Agriculture (USDA).
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