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HomePath Downpayment Increase To 5% Now Effective for Atlanta GA Homes

By Lynn B. Friedman CRS Atlanta, GA 404-617-6375

Real Estate Broker/Owner with Atlanta Homes ODAT Realty - Love our Great City - Love our Clients! Buckhead - Midtown - Westside

November 24, 2013 10:10 AM

HomePath Downpayment Increase To 5%
Now Effective for Atlanta GA Homes

Atlanta Homes ODAT Realty

All loan financing submissions to HomePath prepared since November 16, 2013 must meet the HomePath Downpayment Increase To 5% now effective for Atlanta GA Homes and all across the country.

Regardless of what an existing advertisement for loans or listing may say, the new regulation has been implemented across the United States. HomePath Downpayment Increase To 5% will apply to all requests.

Atlanta Homes ODAT Realty has partnered with several Lenders to assist you with HomePath purchases. Just contact us and we will connect you to them. All offer the first online application process at no charge. Once you have submitted ALL the required paperwork, you will have na answer within 24 hours usually. They can explain further about the new regulation since HomePath Downpayment Increase To 5% now will apply to your request.

Interested in more financial information? Find an explanation of their program at this link. Want even more information? FAQ's Page at Fannie Mae contains an extensive number of links for you to follow.

We welcome you to search for homes by using our link to Atlanta Buckhead, Midtown or Westside homes and condos. Go there to search for the home that you want! We at ODAT Realty are ready, waiting and able to assist you when YOU are ready. Call 404-939-2727.

Have a happy day -
Lynn

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Charles Stallions Property Manager

Charles Stallions Real Estate Services - Pace, FL

Pensacola, Pace & Gulf Breeze Property Management

I don't think that will hurt though do you? We have people that are really snapping these up.

Nov 24, 2013 10:51 AM

Larry Johnston

Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN

Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Lynn, I agree with Michelle. When I look at Homepath properties in my area, they most generally say "Pending".

"Suggested"

Nov 24, 2013 11:52 AM

Lynn B. Friedman CRS Atlanta, GA 404-617-6375

Atlanta Homes ODAT Realty - Love our Great City - Love our Clients! Buckhead - Midtown - Westside - Atlanta, GA

Concierge Service for Our Atlanta Sellers & Buyers

Dear Michelle,
Thanks for stopping by! They do seem to go quickly - don't they?

Nov 24, 2013 11:56 AM

Dear Larry,

I have been so happy (great compliment and I really appreciated it!)that you re-posted my Blog about Windows XP support being discontinued in April 2014. People need to know that 75% of all ATM's operate on that platform. What will be done to counter fraud when no further security patches are issued for XP?

Well, back to the topic at hand - Yes - as Michelle stated - they go quickly. Yet another reason for people to have their Mortgage Pre-Approvals ready ahead of time!

Nov 24, 2013 12:02 PM

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Lynn, They absolutely do go quickly in our market too! 5% should not hold them back at all! That's STILL a deal!

Nov 24, 2013 12:32 PM

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Hi, Lynn.

My concern with FNMA HomePath is that FNMA may be over-valuing some houses. Some houses appear to be priced as high as 125% over Market Value. People think they are "getting a deal" because it is a Foreclosure with "easy" financing.

Nov 25, 2013 12:21 AM

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

HomePath has been a good resource of loans on Fannie Mae. This increase will make it harder for some buyers to qualify.

Nov 25, 2013 11:43 AM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Lynn 5 percent seem to be still a fairly low down payment. One thing we can count on is continued changes in the various mortgage products.

Nov 25, 2013 03:50 PM

HomePath Downpayment Increase To 5% Now Effective for Atlanta GA Homes

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Lynn B. Friedman CRS Atlanta, GA 404-617-6375

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