Income restrictions may apply, and may be higher in rural communities.
If your household's income is greater than this amount, you may still be eligible, because some types of income are not counted. This is a special program of FannieMae in partnership with local nonprofits. Income restrictions may apply, and may be higher in rural communities. For a fee, the federal government will guarantee your loan as long as it falls within limits. Non-traditional credit and employment histories are also considered. Loans can be used to purchase a home with a minimum contribution of 1.