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HomePath Financing - Buy a Home in Georgia With Only 3% Down

By Rodney Mason, VP of Mtg Lending

Mortgage and Lending with Guaranteed Rate NMLS# 2611 NMLS #151088

July 14, 2010 02:51 PM

Buy a new home with as little as 3% down. Fannie Mae's HomePath® mortgage program is specifically for Fannie Mae REO properties. Prospect Mortgage is pleased to be the nation's largest retail HomePath® mortgage lender. Only a handful of lenders nationwide were selected to participate in this special financing program.

HomePath® Financing Highlights

First-time and repeat home buyers are eligible
Low down payment and fixed rate mortgage terms (30 & 15 Yr fixed-rate options)
Up to 97% financing for Owner Occupied homes
No mortgage insurance is required insurance (over 80% LTV requires a 660 credit score and additional fee)
No appraisal fees (Sales price is used to determine value)
1 to 4 unit, condos, and PUD's are all eligible (No manufactured housing or condotels allowed)
Conforming loan limits apply

This special financing is available exclusively on Fannie Mae homes with the HomePath® logo. Fannie Mae has properties available all over Georgia including: Acworth, Albany, Alpharetta, Athens, Atlanta, Augusta, Austell, Avondale Estates, Blairsville, Bloomingdale, Blue Ridge, Bogart, Brunswick, Buckhead, Buford, Canton, Carrollton, Cartersville, Chatsworth, Clayton, College Park, Columbus, Commerce, Conyers, Covington, Cumming, Dahlonega, Dacula, Dalton, Dawsonville, Decatur, Doraville, Douglasville, Duluth, Dunwoody, East Point, Fayetteville, Flowery Branch, Gainesville, Greensboro, Hampton, Hapeville, Hinesville, Hiram, Jackson, Jefferson, Jonesboro, Kennesaw, Lagrange, Lawrenceville, Lilburn, Lithia Springs, Macon, Madison, Metter, Morganton, Morrow, Newnan, Norcross, Oakwood, Peachtree City, Pooler, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Scottdale, Statesboro, Stockbridge, Stone Mountain, St Marys, Sugar Hill, Suwanee, Thomasville, Thunderbolt, Tucker, Tybee Island, Valdosta, Waleska, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock, and many more cities.

Start your search today for Fannie Mae REO's. Visit http://reosearch.fanniemae.com/reosearch/.

Call or e-mail for complete loan program details.