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.
Eligibility- Fannie Mae determines whether a foreclosed property qualifies for HomePath financing, or not.
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
No prepayment penalties
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
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