The Home Path Program is here! Homes that Fannie Mae have foreclosed on are starting to hit the market in Huntington Beach. Just like other bank owned homes, there are some very good deals to be had with these homes.
The amazing part is the financing that is available with a Home Path homes. Here are the high-points:
- 3% Down Payment
- No Mortgage Insurance
- No Appraisal
- No HOA Certification required
- Condos do NOT need to be FHA/HUD approved
- Lending available on primary, secondary and investment properties
- Gift funds are allowed for down payment
- Credit score as low as 620 allowed
- Seller contribution up to 6%
So, what does that mean? Well, a 1 bedroom condo in Seabridge is listed at $249,900. You would only need $7,500 down, which could be a gift, and the seller could pay the closing costs. Interest rates are bouncing between 4.75% and 5% on 30 year FIXED loans. These are the best terms and conditions that I have seen financially!
For more info on the 6 HomePath homes for sale in HB, contact info@dixonteamoc.com .
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