With the housing market looking up, believe it or not people are still looking for foreclosures. Everyone is looking for a "Great Deal".
For those looking for great deals Homepath Mortgage Financing bears some investigation. This is a specific loan for Fannie Mae homes. One of the perks of this type of loan is it is available to both homeowners and investors. There is also at least a 3% down payment required that can be a gift; funded from your own savings; a grant or loan from a non-profit, state or local government or employer.
If a first time home buyer takes advantage of the first time home buyer tax credit of $8000 and purchases a home that qualifies for Homepath Financing they could come out ahead of the game.
This home in Hope Mills, NC qualifies for Homepath Financing. It is just one example of what is available in and around the Fayetteville and Fort Bragg area. My partner Dee and I provide foreclosure education seminars and we run across deals like this sparingly.
Homepath Financing combined with the first time home buyer's tax credit could provide some family with a lovely home. Some repairs can also be included in the Homepath Financing. So on a final note, if you are in the market for foreclosed homes Homepath Financing could be the key to open the door to your new home.