HomePath Conventional FannieMae Mortgage

By
Mortgage and Lending with Benchmark Mortgage nmls 2143 NMLS # 198479

HomePath Conventional FannieMae Loan

 
HomePath is a conventional loan for 97% Financing.  I am going to share with you the highlights of this type loan.  If you would like to compare it to an FHA, VA or regular conventional mortgage please let me know.  I would be happy to share the knowledge.

*Has to be a Fannie Property
*3% down payment for most
*No Appraisal Required
*Minimum credit score is 640
*seller can pay up to 6% of the purchase price toward closing costs for buyer
*$5k repair escrow


My name is Valerie Springer nmls 198479, Home Mortgage Expert and writer for Ask Val in Birmingham, Alabama. You may contact me by email at valerie.springer@nflp.com or call 205-995-7283 x 305.
 

Comments (1)

James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real Estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado

Please, check out our website for Real Estate Education Opportunities @ www.REOInstituteColorado.com for Continuing Education Courses.

Jul 07, 2012 11:50 PM