HomePath Financing

By
Real Estate Agent with PalmerHouse Properties
https://activerain.com/droplet/5wm

 

HomePath Financing

What is HomePath Financing- Homepath Financing is a product of Fannie Mae that was designed to sell selected foreclosed properties faster by offering attractive financing terms to buyers. Fannie Mae is a Government Agency that buys mortgages from lenders. As a result; lenders have a source of funds to tap into and re-loan.

Homepath1

HomePath Financing

 

Eligibility- Fannie Mae determines whether a foreclosed property qualifies for HomePath financing, or not.           

 

Homepath2      

HomePath Financing

 

Benefits/Features- Buyers can finance up to 10 properties if the loan to value is

     less than 75%. 

     Eligible for investors and second home buyers

     (down payment is higher).

     No appraisal needed

     Up to 97% financing

     First time home-buyers (3% minimum down payment)

     Investors- (20% minimum down payment)

     No mortgage insurance; regardless of loan to value

     Fixed rate mortgages are available (15 & 30 years)

     Sellers concessions allowed

     Faster closings

     No prepayment penalties

 

Homepath3

HomePath Financing

 

HomePath & Coldwell Banker Home Loans- We have the resources and experience to make the process of purchasing Fannie Mae forclosure homes easy and uncomplicated. Same day pre-approval decision or we give you $250 (doesn't apply to self-employed).

 

 

Call  954-867-4798  for more information

 

Search for HomePath eligible homes http://www.homepath.com/search.html?zzs=1&?ms=&xs=&src_ref=&pi=&mlsid=&bhi=&y=10&x=58&pa=&bdi=&ci=&z=33324&z=33312&z=33317&z=33323&z=33325&z=33322&z=33024&z=33332&z=33331&z=33328&z=33329&z=33330

Homes and Rentals in Florida http://www.floridamoves.com/default.aspx?abrand=83260&agent=83260

 

 


 

 

 

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Rainer
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Mark Nehs
Mortgage Loan Officer Waukesha Wisconsin - Pewaukee, WI

Adell,

Thanks for the explanation about home path. Lots of misunderstandings out there.

Feb 13, 2011 05:14 AM #1
Rainmaker
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Adell Forbes (REALTOR®)
PalmerHouse Properties - Atlanta, GA
"Knowledge & Experience Working for You"

MARK- Thanks for your response. With so many programs out there it's easy to be confused. Homepath is easy and to the point.

"All the Best"

Adell

Feb 17, 2011 12:31 PM #2
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Rainmaker
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Adell Forbes (REALTOR®)

"Knowledge & Experience Working for You"
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