HomePath Renovation Financing For GA Fannie Mae REO's

By
Mortgage and Lending with Guaranteed Rate NMLS #151088

HomePath Renovating Financing is Here!!!!

Prospect Mortgage is now one of the few lenders across the country to offer the HomePath Renovation financing option for Fanne Mae REO properties in Georgia.  HomePath mortgages are only available for select Fannie Mae REO properties.  Eligible HomePath properties can be found at www.HomePath.com

Maximum LTV:

  • Primary Residence - 1-4 units - Max 97% LTV
  • Second Home - 1 unit - Max 85% LTV
  • Investment Property - 1 unit - Max 85% LTV
  • Investment Property - 2-4 units - Max 75% LTV

Eligible Property Types:

  • SFR (Single Family Residence) - Attached and Detached
  • Townhome
  • Condo
  • 2-4 units
  • Modular Home

HomePath mortgage do not require mortgage insurance. 

Fannie Mae currently has hundreds of HomePath and HomePath Renovation eligible propertieslisted for sale all across GA.  In Metro Atlanta, you can find HomePath properties from Marietta to Duluth, Buford to Kennesaw, Alpharetta to Decatur, Lawrenceville to Dallas, Hiram to Stone Mountain, Roswell to Jonesboro, Fayetteville to Stockbridge, Norcross to Conyers, Cartersville to Covington, Smyrna to Douglasville and all cities in between. 

HomePath properties can also be found all across GA in cities like Albany, Athens, Augusta, Blue Ridge, Brunswick, Calhoun, Columbus, Cordele, Dalton, Jasper, Kingsland, Lagrange, Macon, Perry, Ringgold, Rome, Savannah, St Marys, St Simons Island, Tybee Island, Valdosta, Warner Robins, Wilmington Island, Winder and many more.

 

 

 

 

Posted by

 

It is always advisable to consult with a knowledgeable lending professional when navigating today's turbulent mortgage and real estate marketplace.  I am committed, qualified and equipped to help you evaluate your options!

 

Also check out:

Conventional Financing Mortgage Program Overview/Updates

FHA Financing Mortgage Program Overview/Updates

USDA Financing Mortgage Program Updates  

 

Programs Include:

 

  • Conventional (Fannie Mae & Freddie Mac)

  • FHA, USDA, & VA

  • Jumbo to $3,000,000

  • Bank Statement Program for Self-Employed Borrowers

  • Foreign National Program

  • Investor Cash Flow

  • Non-Warrantable Condos

  • Georgia Power Leaseholds for Lake Burton, Rabun, & Seed

 

  • ************************************************************************************************************
  • Rodney Mason is a Licensed Branch Manager located in Atlanta, GA.   He can be reached at (404) 591-2453.
  • Providing financing for all cities across Georgia including: Acworth, Albany, Alpharetta, Athens, Atlanta, Augusta, Austell, Avondale Estates, Blairsville, Bloomingdale, Blue Ridge, Bogart, Brunswick, Buckhead, Buford, Canton, Carrollton, Cartersville, Chatsworth, Clayton, College Park, Columbus, Commerce, Conyers, Covington, Cumming, Dahlonega,  Dacula, Dalton, Dawsonville, Decatur, Doraville, Douglasville, Duluth, Dunwoody, East Point, Fayetteville, Flowery Branch, Gainesville, Greensboro, Hampton,  Hapeville, Hinesville, Hiram, Jackson, Jefferson, Jonesboro, Kennesaw, Lagrange, Lawrenceville, Lilburn, Lithia Springs, Macon, Madison, Metter, Morganton, Morrow, Newnan, Norcross, Oakwood, Peachtree City, Pooler, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Scottdale, Statesboro, Stockbridge, Stone Mountain, St Marys, Sugar Hill, Suwanee, Thomasville, Thunderbolt, Tucker, Tybee Island, Valdosta, Waleska, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock, and many more.

    Providing financing for all cities across Alabama including:
    Alabama Port, Anniston, Athens, Auburn, Bessemer, Birmingham, Boaz, Bridgeport, Cedar Bluff, Chickasaw, Clayton, Coden, Dauphin Island, Decatur, Dothan, Eufaula, Fairfield, Fairhope, Florence, Foley, Forestdale, Fort Morgan, Fort Payne,Gasden, Grand Bay, Gulf Shores, Heron Bay, Homewood, Hoover, Jasper, Josephine, Madison, Meadowbrook, Midfield, Mobile, Mon Louis, New Hope, Orange Beach, Oxford, Oyster Bay, Phenix City, Prichard, Rainbow City, Saraland, Satsuma, Scottsboro, Selma, Troy, Theodore, Tillmans Corner, Trussville, Tuscaloosa, Vestavia Hills, Warrior and many more.

  • Providing financing for all cities across Florida including: Altamonte Springs, Atlantic Beach, Boca Raton, Bradenton, Cape Coral, Clearwater, Coral Springs, Daytona Beach, Delray Beach, Destin, Fort Lauderdale, Fort Myers, Fort Walton Beach, Gainesville, Hollywood, Homestead, Jacksonville, Jupiter, Key Largo, Key West, Lake City, Largo, Marathon, Mexico Beach, Miami, Naples, New Smyra Beach, Ocala, Orlando, Palm Coast, Panama City Beach, Pensacola, Pompano Beach, Port St Joe, Sanibel Island, Sanford, Sarasota, St Augustine, St Petersburg, Tallahassee, Tampa, Vero Beach, West Palm Beach, & Winter Park, and many more.

 

  • Providing financing for all cities across South Carolina including: Aiken, Anderson, Beaufort, Bluffton, Charleston, Columbia, Conway, Edisto Island, Florence, Greenville, Hilton Head, Johns Island, Myrtle Beach, North Augusta, Orangeburg, Rock, Hill, Spartanburg, Sullivans Island, Summerville, and many more.  
  •   

    Providing financing for all cities across Tennessee including: Athens, Brentwood, Bristol, Chattanooga, Clarksville, Cleveland, Cookeville, Dyersburg, Franklin, Gatlinburg, Greeneville, Johnson City, Kingsport, Knoxville, Maryville, Memphis, Morristown, Murfreesboro, Nashville, Newport, Oak Ridge, Pigeon Forge, Sevierville, and many more

 

All mortgage lending guidelines are accurate at time of post, but are subject to change without notice.  Please call for the most current information.

    

           

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
Georgia
Groups:
Atlanta Real Estate Q&A
North Georgia Real Estate
Georgia Association of REALTORS®
GEORGIA REAL ESTATE INVESTORS
Coastal Georgia Real Estate, Events and Living
Tags:
financing
atlanta
midtown
buckhead
dunwoody
cumming
duluth
roswell
decatur
marietta
kennesaw
mortgage
fannie
mae
macon
homepath renovation

Spam prevention
Show All Comments
Rainmaker
1,158,832
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

I still dont think I have had someone do a home path loan.  They sound like good options though.

May 14, 2011 05:18 AM #1
Rainmaker
3,053,553
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The Homepath loan is great, the process of buying a Fannie Mae home is deplorable, just plain awful. Most listing agents dont seem to return calls or emails, i have found 1 good 1 out of alot of not so good experiences....it is near impossible to get a question answered and you wait weeks for an answer on an offer, never to get a an answer in some cases. You just have to see it flip to pending in MLS. Then the sold data comes out and the sale price is less than offer of your buyer.... something is broken... Fannie Mae needs to widen the amount of agents that list them and the agents that do need to be tested like other banks do with their reo agents. That is how it is in NH anyway...

May 14, 2011 05:44 AM #2
Rainmaker
418,951
Rodney Mason
Guaranteed Rate - Atlanta, GA
Licensed in AL, FL, GA, SC, & TN

Chuck....HomePath can be a great financing option.  This is especially true for investors.  On the non-Renovation HomePath loan, an investment property only requires 10% down.

Scott.....I do know what you are talking about.  Some agents just have too many listings without the sufficient systems to mange them effectively.

May 14, 2011 07:04 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
418,951

Rodney Mason

Licensed in AL, FL, GA, SC, & TN
Ask me a question
*
*
*
*
Spam prevention

Additional Information