Homebuyers who have qualify for a mortgage these REOs have a few advantages.
HomePath highlights:
§Only 3% down payment required on primary residence
§No mortgage insurance required
§No property appraisal required
§Only 10% down on 1-2 unit investment properties
§Up to 6% in seller concessions on primary residence properties for closing costs
§Investors can finance up to 10 properties through HomePath
This is one of the only products left for investors to mortgage multiple properties. With the ever changing market this product allows me to help investors stretch their dollars and purchase more homes. They can buy multiple properties or own multiple properties for this product. The closing costs for investors is slightly different. This program can be utilized on a fixed rate mortgage or a adjustable rate mortgage.
This program is also great for the first time homebuyer. With only 3% for the down payment on their new mortgage and a seller contributions of up 6% this is yet another option to home buyers to purchase. The added feature for the first time homebuyer is the No Mortgage Insurance. With the HomePath product a first time homebuyer can purchase their new home with potentially less.
Now is the time to purchase a home.
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