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Fannie Mae Homes Are Easy To Buy...Do You Know Why?
As you search for homes and you begin to see comments in the remarks section such
Fannie Mae Owned Home or this property is approved for  HomePath Mortgage Financing or HomePath Renovation mortgage financing you might wonder what all that is about.

Well that means that Fannie Mae already owns the home. And Fannie Mae is  stating that you the buyer can purchase the home using their special financing.  This is what HomePath Financing is all about.
The Home Path Financing Program:
Three percent down payment ( not three and half like an FHA Loan) Big Savings. No PMI-( private mortgage insurance) another big savings! No Appraisal needed. ( another savings of approximately $400) This financing is also available to investors for second home purchases with a ten percent down payment. Most loans are offered including  fixed rates and arms The only stipulation from Fannie Mae is you must use one of their approved lenders to submit and finance the home. Who are those lenders? Well locally here in the Prince William County Virginia area my suggestion would be to contact Markita Aldridge Woods of Westar Mortgage in Lake Ridge Virginia or  Mark Edwards from PNC Mortgage. "Did you know that  Fannie Mae Homes  ... more

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