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New Fannie Mae 100% Financing, No PMI, 3.5% Closing Cost Help Program
New Fannie Mae 100% Financing, No PMI, 3.5% Closing Cost Help Program



 
A program called Homepath is where Fannie Mae is frantically trying to dump their overwhelming inventory! In order for Fannie Mae to get this surplus of REO inventory off their books they have created Homepath.com, which lists each home currently in the inventory that are ready for sale. These homes are being sold for sometimes half of the estimated tax value (Huge Built in Equity).




With creative financing a home buyer can receive the following benefits:
Fannie Mae requires 3% down (which may be paid for by my $7,500 free grant) =  100% Financing
Buy a Fannie Mae Homepath Home=  "NO PMI"
Since property is already owned by Fannie Mae=  No Appraisal Required
Listing agent usually pays for closing costs up to 3.5%=  Borrower Pays NO Closing Costs Out of Pocket

Fannie Mae requires a 660 credit score for a 90-97% LTV (loan to value) but with less than a 90% LTV, they accept a 620 score. Also please note, I offer additional 100% financing programs with 620 credit scoes.
Buyers Agents are given extra bonuses to sell the property! (Agents what are you waiting for?) 
Fannie Mae allows HOA delinquencies and does not require Condo or PUD pprovals. (a unique and rare waiver ... more

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