Fannie Mae's HOMEPATH; an Outstanding Financing Opportunity for both Buyers & Realtors! (you've gotta read this)

By
Mortgage and Lending with Christensen Financial Mortgage 385907

Let's start out by stating that Homepath is a financing option only available for Homepath properties, imagine that. Homepath properties are Fannie Mae foreclosures, and eligible properties can be found on their website.

www.homepath.com

So, what's the big deal?

Here's the big deal;

low downpayments, as low as 3% with

NO PMI   (that's not a misprint)

no appraisal is necessary

Homepath properties do not require owner occupancy, but the listings are often/usually offered to owner occupants first.

This is not exclusively a first time homebuyers program, but is an excellent first time homebuyers program.

Okay, so you're really not that impressed.

BONUS ALERT!!!     BONUS ALERT!!!!!     BONUS ALERT!!!!!

Fannie Mae is offering buyers up to 3.5 % in closing cost assistance

and a

$1500 bonus for selling agents

on Homepath properties through December 31st.

Guidelines for the BONUS!

Only primary residences on Homepath properties will receive the 3.5% in closing cost assistance.

Only Selling Agents representing owner occupants purchasing a Homepath property will receive the $1500 bonus.

Homepath properties must close on or before December 31st, 2010, and must close within 60 days of the acceptance of the offer.

This program is worth taking a look at for

Buyers

&

Realtors

So I do think this is a big deal and

an Excellent Financing Opportunity! 

 

Comments (4)

June Piper-Brandon
Houwzer Inc - Baltimore, MD
Piecing Dreams One Home at a Time

Homepath is an excellent opportunity for both homeowners and investors alike. 

Oct 10, 2010 05:12 AM
Jay Beckingham
Christensen Financial Mortgage - Port St Lucie, FL
Seniors ROCK!

June,

it looks like everybody wins with this one.

thanks

jay

Oct 10, 2010 05:27 AM
Jay LaGace
RE/MAX Realty Team - Cape Coral, FL
Cape Coral / Lee County Real Estate - 239-443-8795

Only if we can get signed docs back from Fannie Mae...LOL

Maybe they are waiting until after the bonus period runs out...LOL

Oct 11, 2010 09:16 AM
Jay Beckingham
Christensen Financial Mortgage - Port St Lucie, FL
Seniors ROCK!

Jay

wouldn't that be nice getting the docs back

i will personally do everything i can to make sure the bus driver gets his bonus.

thanks

jay

Oct 11, 2010 11:00 AM