Fannie Mae, prior to the 2008 collapse, permitted borrowers to finance up to 97% of the home purchase price.

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Before the 2008 financial collapse, Fannie Mae did allow borrowers to finance up to 97% of their home purchase price, which meant that buyers could purchase a home with as little as 3% down. This was part of broader efforts to increase homeownership rates, but it also contributed to the housing bubble and the subsequent financial crisis when many borrowers were unable to sustain their mortgage payments.

Fannie Mae, Prior to the 2008 Collapse, Permitted Borrowers to Finance