second home: Freddie Mac Adds First Look Initiative to It's HomeSteps REO Properties - 09/15/10 06:19 AM
The Freddie Mac First Look Initiative now gives home buyers 15 days of exclusive access to buy a HomeSteps property as their primary residence.  Freddie Mac announced today that it is expanding the Freddie Mac First Look Initiative on its HomeSteps listings.  The First Look Initiative goes into effect on September 17, 2010.  According to Chris Bowden, Vice President, HomeSteps,  "Expanding the Freddie Mac First Look Initiative emphasizes Freddie Mac's commitment to manage its REO inventory to help stabilize communities, foster affordable homeownership opportunities, and responsibly safeguard tax dollars." What is HomeSteps? HomeSteps is the national real estate sales unit of … (4 comments)

second home: Buy an Alabama Second / Vacation With as Little as 10% Down. - 07/21/10 04:16 PM
 
Buy an Alabama Second / Vacation with as little as 10% down.  Fannie Mae's HomePath® mortgage program is specifically for Fannie Mae REO properties.  Prospect Mortgage is pleased to be the nation's largest retail HomePath® mortgage lender.  Only a handful of lenders nationwide were selected to participate in Fannie Mae's special financing program. 
 
 
 
 
HomePath® Financing Highlights

Low down payment and fixed rate mortgage terms (30 & 15 Yr fixed-rate options) Up to 90% financing for Second / Vacation home for up to 4 financed properties Borrowers purchasing a Second / Vacation home with maximum 75% … (1 comments)