3% Down with No Appraisal and No Mortgage Insurance

By
Services for Real Estate Pros

If you've been thinking about getting a great deal on a house, consider the Fannie Mae HomePath program.  Currently, Fannie Mae has about 40 houses listed for sale in St. Clair County, including homes in Belleville, Caseyville, O'Fallon and Fairview that are eligible for this special financing.  Since Fannie Mae owns the homes and since they're the ones providing the money to make the loans, they're making it really easy.  You can buy one of these homes with as little as 3% down (or 10% for investors)!  Seller contributions for closing costs are OK and to make the deal even sweeter, NO APPRAISAL IS REQUIRED.  On top of that, the loan doesn't even require mortgage insurance. 

To find a home that is eligible for HomePath financing, visit the HomePath website by clicking here.  To be pre-qualified for a HomePath mortgage visit my homepage and apply now!

 

Comments (1)

Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

This program can be a home run for certain homes ... especially the ones that may have problems. 

Oct 26, 2009 06:20 AM