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Affordable Housing Loan Programs

Flex 97 Mortgage

A Flex 97 Mortgage is a Fannie Mae program that is specifically designed for members unable to make a large down payment. This mortgage program is available for single-unit home purchases only; and the property must be your primary residence in either Vermont or New Hampshire.

This program could be right for you if:

  • you don't have a lot of savings for a down payment
  • intend to use other sources of funds, such as gifts or loans from family members, for the down payment
  • prefer to use your savings for other investments or expenses

With Flex 97 you have the flexibility of choosing a traditional fixed rate mortgage or an adjustable rate mortgage (ARM). Contact one of our mortgage originators to learn more about these options.

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