For those of you who are in the process of saving or shopping for a new home I have great news! Fannie Mae has a special program called-HomePath Mortgage which allows a borrower to purchase a Fannie Mae-owned property with a down payment as low as 3% with No mortgage insurance, flexible mortgage terms, No Appraisal needed. Expanded seller contributions to closing costs are allowed.
Breakdown of Benefits to You, the Borrower
- Down payment as low as 3% and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
- Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
- No lender-requested appraisal.
- No mortgage insurance
- Expanded seller contributions for closing costs allowed.
- Available for primary residences, second homes and investment properties.
For more info Contact me today for more details on this program and too see if you qualify.
Your Personal Lender,
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