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 (13 comments)
The Best Deal in Town: 4%, 30 year fixed rate, 100% Financing as long as the First time home buyer has a minimum credit score of 620. You can buy a house worth $450,000, depending on where you are buying, with a VHDA first time home buyer no down payment program!
VHDA (Virginia Housing Development Authority) offers special mortgage programs for buyers who have not owned a residence during the previous 3 years.
The VHDA first time home buyer program is the only 100% (0 comments)