There is a great new loan program available for purchasing REO properties owned by Fannie Mae. A borrower needs a 660 credit score to qualify. It will allow your buyers to borrow up to 95% with no mortgage insurance. That's right, NO MORTGAGE INSURANCE! There is no need for an appraisal!
This is a fantastic program that can save home buyers thousands of dollars! There are very few Lenders who can offer this new program, but I am glad to say that we are one of the few! I was so excited about this program that I had to share it on here. Contact me for more details!