Fannie Mae Homepath loans are a great program available to be used for properties currently held by Fannie Mae that qualify.
The program offers a low downpayment requirement of only 3% of the sales price. You may qualify even if you have less than perfect credit. The program is available for buyers intending to occupy the property as well as investors. Homepath doesn't require mortgage insurance which is a big monthly savings. There are no appraisal fees either.
This Fannie Mae homepath property is located at 4301 Thorpe Lane in Keller, Texas.
Many of these homes also qualify for the Homepath Renovation program as well. This program provides funds to purchase as well as light renovation on the property.
Currently Fannie Mae is running a special promotion available April 30, 2010, including a 3.5% incentive to be applied to closing costs, the purchase of new whirlpool applicances or a mix of closing costs and whirlpool appliances. To be eligible for this program offers must be accepted on or before January 8, 2010 and close before May 1, 2010. Investors are excluded from this special offer.
To find out more about this great program and the special incentives visit http://www.homepath.com/ or call me today at (817) 966-7963
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