homepath: Fannie Mae Eliminates 3% Down Mortgages - 01/12/14 03:45 AM
In November 2013, Fannie Mae increased the minimum required down payment from 3% to at least 5% down on Primary Residences.  This change was due in part to Qualified Mortgage and Ability to Repay regulations that went into effect on January 10, 2014.
 
The 5% minimum down payment requirement applies both to HomePath® and regular Conventional mortgages.  HomeStyle® Renovation mortgages already required a 5% minimum down payment.
 
 
(3 comments)

homepath: Prospect Mortgage - Georgia Exclusive HomePath Program 11-20 Financed - 09/15/12 02:49 AM
 
A brand new Fannie Mae HomePath® opportunity is now available to Georgia investors.  The Fannie Mae HomePath® loan program has now been expanded to allow up to a total of 20 financed properties (including those currently being financed) under an exclusive Prospect Mortgage loan program.  No other lender in the country can offer this special financing to GA buyers.
 
 
Only Prospect Mortgage gives you the opportunity to capitalize on both the below-market prices of foreclosures owned by Fannie Mae and the ability to carry financing on up to 20 investment properties for each investor. Most loan programs allow … (3 comments)

homepath: Prospect Mortgage Exclusive - Alabama HomePath Program 11-20 Financed - 09/15/12 02:47 AM
A brand new Fannie Mae HomePath® opportunity is now available to Alabama investors.  The Fannie Mae HomePath® loan program has now been expanded to allow up to a total of 20 financed properties (including those currently being financed) under an exclusive Prospect Mortgage loan program.  No other lender in the country can offer this special financing to AL buyers.
 
 
Only Prospect Mortgage gives you the opportunity to capitalize on both the below-market prices of foreclosures owned by Fannie Mae and the ability to carry financing on up to 20 investment properties for each investor. Most loan programs allow only four to … (0 comments)

homepath: Eligible Property Types for HomePath® Renovation Mortgages - 07/01/11 02:45 PM
For the HomePath® Renovation Mortgage program, financing is available on 1-4 unit residences. 
Eligible Properties for HomePath® Renovation:
1-4 Unit Primary Residence 1 Unit Second Home 1-4 Unit Investment Properties The maximum loan to value does vary based on the occupancy and the number of units.
Prospect Mortgage is one of the nation's largest HomePath® Mortgage lenders. 
 
 
 
(2 comments)

homepath: HomePath Financing Mortgage Program Overview/Updates - 09/28/10 04:06 AM
HomePath® Financing Highlights
 
This special financing is available exclusively on Fannie Mae homes with the HomePath logo
Search for Fannie Mae REO's at http://reosearch.fanniemae.com/reosearch/.

Program Basics
HomePath Financing for Fannie Mae REO'sHomePath Financing - Buy a Home in Georgia With Only 3% DownGeorgia Investors Can Purchase With as Little as 10% DownBuy an Alabama Second / Vacation With as Little as 10% Down. Conventional Guideline FAQ - AssetsSelf-Employed???? Acceptable Use of Business Funds for Closing
Conventional Guideline FAQ - Credit
Do You Need a New Credit Report Before Closing??? - Fannie Mae Clarifies Its PositionFannie Mae Updates Policy for … (1 comments)

homepath: Purchasing a Condo Using HomePath Financing - 04/03/10 03:07 AM
Using the HomePath program to purchase a Fannie Mae REO has many advantages.  Once such advantage is a simplified procedure for purchasing a condo unit. 

There is no HOA condo questionnaire needed when purchasing a condo that is HomePath  eligible.  Since Fannie Mae initially approved the loan, they are willing to take on the risk of a new loan.  This enables Fannie Mae to move this non-performing asset off of their books.
Fannie Mae does require an HO-6 (walls-in) insurance coverage policy be in place.  While this can come from a master HOA policy, most buyers will find that the master HOA polices do not cover … (0 comments)

homepath: Closing Cost Assistance & Appliance Incentive for Fannie Mae Homes - MUST CLOSE BY April 30, 2010 - 03/20/10 02:15 AM
ACT NOW......Time is running out for Fannie Mae's latest offer.  Buyers who qualify for this special offer must close by April 30th. 

Fannie Mae is currently offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home on or before April 30, 2010. Buyers purchasing properties listed at www.HomePath.com, that are closed within this period, may receive up to 3.5% of the final sales price for:
Closing costs The purchase of new Whirlpool® appliances by Fannie Mae A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%. To be eligible for this incentive:
Property sales … (4 comments)

homepath: Why Betty White is like a Good Realtor - 03/14/10 03:05 PM
 

I love football and was thinking about the Super Bowl, and Betty White came into my thoughts.  I started thinking how Betty White is like a Good Realtor.
In case some of you don't care for football or didn't see it, here's the commercial Betty appeared in (along with another crazy actor, older than dirt - Abe Vigoda (or at least older than me).  Watch it  so you know why Betty's got my vote for Good Realtor.
 
 
So now that you've seen Betty White in action, here's my reasons why Betty White is like a Good … (0 comments)

homepath: Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes - 01/31/10 04:28 AM
Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes
Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed at www.HomePath.com, that are closed within this period, may receive up to 3.5% of the final sales price for:
Closing costs The purchase of new Whirlpool® appliances by Fannie Mae A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%. To be eligible for this incentive:
Offers must be accepted on or after January 28, 2010 Property sales … (2 comments)

homepath: Fannie Mae First Look Initiative - The Owner Occupant Advantage - 01/30/10 10:27 AM
Buyers.....tired of submitting offer after offer after offer, only to lose out to a cash offers from investor buyers?  Well, relief is on the way for Fannie Mae REO properties.
"First Look is designed to provide owner occupants and buyers using public funds a "first look" at Fannie Mae homes. Under First Look, Fannie Mae will only consider offers from owner occupants and buyers using public funds during the first 15 days a property is listed in the local multiple listing service (MLS). If the property is still for sale on the 16th day, investor offers may be submitted and will … (7 comments)

homepath: HomePath Financing for Fannie Mae REO's - 01/31/09 02:54 AM
Introducing Prospect Mortgage's newest REO program, HomePath® Mortgage.
Fannie Mae is now rolling out their new HomePath® program specifically for Fannie Mae REO properties.  Prospect Mortgage is pleased to be one of only a handful of lenders nationwide selected to participate in this special financing program. 
HomePath® Financing Highlights

This special financing is available exclusively on Fannie Mae homes with the HomePath logo
Search for Fannie Mae REO's at http://reosearch.fanniemae.com/reosearch/.
Call or e-mail for complete details.
(29 comments)

 
Rodney Mason, VP of Mortgage Lending - AL, FL, GA, SC, & TN (Guaranteed Rate NMLS# 2611) Rainmaker large

Rodney Mason

VP of Mortgage Lending - AL, FL, GA, SC, & TN

Atlanta, GA

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Guaranteed Rate NMLS# 2611

Address: 825 Juniper St NE, Atlanta, GA, 30308

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