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HomePath Mortgage vs. FHA Mortgages

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

Posted by Dave Mason on 04/29/2009 01:32 PM

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HomePath Mortgages in the Mortgage / Finance Channel

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1 Comments on HomePath Mortgage vs. FHA Mortgages

JUN

I am pre-qualified for a VA Home Loan. Please tell me all you can about what a "Homepath Renovation financing loan is at 3%. Most of the houses we look at need work and the VA Loan will not accept a house that needs work. Thank you. Brother Wayne

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