What is Fannie Mae HomePath® Financing?

By
Mortgage and Lending with Supreme Lending (NMLS ID #2129) NMLS 557038

What is Fannie Mae HomePath® Financing?  Should I use it for my Las Vegas purchase?

Fannie Mae HomePath® Financing is a program that could help more Las Vegas, NV homeshoppers become home owners.

With the HomePath mortgage program on your Las Vegas property, more people looking for a new home may be able to make a purchase and become Las Vegas home owners! Fannie Mae, a government-sponsored enterprise that helps increase the availability of homeownership to low- and moderate income buyers, owns properties that may be designated as eligible for a HomePath mortgage. Only Fannie Mae-owned properties are eligible for this special financing!

Benefits of the program include:  

  • 15- and 30-year fixed-rate options and 5/1 and 7/1 LIBOR ARM options
  • Primary residences, second homes and investment properties are eligible
    • Up to 97% financing on a primary residence  
    • Up to 90% financing on a second home  
    • Up to 85% financing on an investment property  
  • No appraisal required
  • No condo or PUD warranty required
  • All loans are run through DU with an Approve Eligible
  • Up to 6% seller contributions permitted on primary residence and second home  
  • Minimum FICO 620
  • Gift funds can be used for entire down payment in some circumstances
  • No PMI required

Does this sound like the program that could help turn your goal of Las Vegas homeownership into a reality? Contact me today to learn more about HomePath financing and how I can help you become a home owner!

Las Vegas Homepath Lender

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Provided by Rey Gallegos | Loan Officer | NMLS 557038
W.J. Bradley Mortgage Capital Corp. (NV License # 504)
C 702.808.8328 | O 702.800.5077 | LV.NV.LO@gmail.com
Copyright 2007 - 2011
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Rainer
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Rey Gallegos

FHA, VA, Home Loans Las Vegas, NV
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