HomePath Financing- A Win Win !!

By
Real Estate Agent with Keller Williams Group One, Inc.

In our area we are seeing a large number of homes that are Fannie Mae properties that are eligible to finance the home using Homepath Financing. Only certain lenders are approved to do these loans but what a great deal. Here are the highlights.

* As low as 3% down for owner occupied ( not 3.5% like FHA)

* No Mortgage Insurance(this is HUGE !!)

* No Appraisal

* Only 10% down for Investors

What a great program this is. If you are in the market to buy, be sure to really search out these homes that can go Homepath Financing. 

Comments (2)

Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

HomePath financing surely does sound like a Win-Win situation. We just don't have many Fannie Mae properties here in San Ramon CA.

May 27, 2010 12:29 PM
Rodney Mason
Guaranteed Rate NMLS# 2611 - Atlanta, GA
VP of Mortgage Lending - AL, FL, GA, SC, & TN

HomePath is a great financing option to help move some of these properties.

May 27, 2010 02:30 PM