Special Financing Available for REOs

In an effort to trim its supply of REOs Fannie Mae has initiated a program to help finance investment property. Through the HomePath program resident-owners can qualify for a 3% down payment loan; 2nd home buyers can qualify for a 10% down payment program; investors can own Fannie Mae property with a 15% down payment. A 660 credit score and a minimum loan of $50,000 are required for this HomePath program... Click here to read the rest of this article about financing REOs