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HomePath Financing
 
HomePath Financing
What is HomePath Financing- Homepath Financing is a product of Fannie Mae that was designed to sell selected foreclosed properties faster by offering attractive financing terms to buyers. Fannie Mae is a Government Agency that buys mortgages from lenders. As a result; lenders have a source of funds to tap into and re-loan.

HomePath Financing
 
Eligibility- Fannie Mae determines whether a foreclosed property qualifies for HomePath financing, or not.           
 
      
HomePath Financing
 
Benefits/Features- Buyers can finance up to 10 properties if the loan to value is
     less than 75%. 
     Eligible for investors and second home buyers
     (down payment is higher).
     No appraisal needed
     Up to 97% financing
     First time home-buyers (3% minimum down payment)
     Investors- (20% minimum down payment)
     No mortgage insurance; regardless of loan to value
     Fixed rate mortgages are available (15 & 30 years)
     Sellers concessions allowed
     Faster closings
     No prepayment penalties
 

HomePath Financing
 
HomePath & Coldwell Banker Home Loans- We have the resources and experience to make the process of purchasing Fannie Mae forclosure homes easy and uncomplicated. Same day pre-approval ... more

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