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homepath mortgage loan: HomePath Mortgage vs. FHA Mortgages - 04/29/09 01:32 PM
A HomePath Mortgage may be a better mortgage than an FHA mortgage.  A HomePath Mortgage mortgage loan only requires 3% down whereas an FHA mortgage loan can require up to 3.5% down.  There is no Private Mortgage Insurance on a Home Path Mortgage.  An FHA mortgage has mortgage insurance as well as a 1.5% funding fee up front ouch.  There is no appraisal required for a HomePath loan. Home Path mortgage information
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homepath mortgage loan: What is the HomePath Mortgage? by Hud and Fannie Mae - 04/13/09 07:25 PM
The HomePath mortgage program by Fannie Mae allows a buyer to purchase a Fannie Mae or Hud home.  Hud and Fannie Mae are essentially the same thing.  The other exciting fact about this program is that it allows investors to use the program.  You can now finance up to 10 investor owned properties.
The main benefits of the Home Path Mortgage;
No appraisal. No PMI 3% down payment, which can be borrowed. Additional information on the HomePath Mortgage loan.
How to use the HomePath Mortgage to buy a home.
 
 
 
 
 
 
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Dave Mason

Scottsdale, AZ

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Liberty One Realty

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