Fannie Mae Home Path Program offers HUGE ADVANTAGES for buyers!

Reblogger Florida Tolbert Team Keller Williams Advantage
Real Estate Agent with Keller Williams Advantage III Realty in Lake Nona BK3059813

Here is a great blog with tons of research, data, and links from my friend Jerry Newman on a wonderful topic about special financing available for Fannie Mae and the HUGE advantages of financing the the Homepath program.  This is certainly worthwhile reading and glad to spread the word from my buddy, Jerry.

Original content by Jerry Newman TREC #0492321

Is the Fannie Mae Home Path Program Good for Buyers?
Yes, when you consider that the Home Path Mortgage allows a borrower to purchase a Fannie Mae owned property with a low down payment, flexible mortgage terms, No lender-required appraisal, and No Mortgage Insurance, and even some expanded seller contributions to assist with closing costs are allowed too.

Fannie Mae REOs and Foreclosed HomesBuyers may even want to take advantage of Fannie Mae’s New Innovative, “First Look” Program. The “First Look” marketing period was created to promote home ownership and to contribute to neighborhood stabilization, which allows home buyers to bid and to purchase foreclosed properties before investors. In most states the “First Look” period is the first 15 days on the market.  Look for this First Look sign on the Fannie Mae Home Path website.

Buyers may choose 97% conventional financing, and the 3% down payment can be gifted or grant funds. Keep in mind there is No PMI, and No Appraisal, since the Sales price equals the value. Fannie Mae’s foreclosed properties are available as primary residences, second homes, and investment properties. Many condo project requirements are waived. These Home Path properties offer flexibility and opportunities to save some money. So why not take a look at some of them today?

For More Information on the Fannie Mae Home Path Program, contact Jerry Today, who will connect you with some Preferred Fannie Mae Home Path Lenders. For a list of available foreclosed properties in the San Antonio, TX area, see Bexar County Fannie Mae REO Homes For Sale. Your Local San Antonio Agent will be glad to assist you in placing your online Bid for any of these Fannie Mae Foreclosed Homes.

If you are in the San Antonio area, and you are thinking about buying, selling or renting, Contact your Local San Antonio Real Estate Agent, or visit my website at Homes For Sale in San Antonio.


 


Jerry Newman, REALTOR®                                          
US Army Retired                                                         
Keller Williams Realty                                                                         
San Antonio, Texas
Direct - (210-789-4216
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Tags:
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

The problem we see over here is that there are FEW Homepath homes on the market in our area.

May 21, 2012 06:01 AM #1
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David Popoff
DMK Real Estate - Darien, CT
RealtorĀ®,SRS, Green ~ Fairfield County, Ct

Kevin, this is great information, thanks for the links, I will pass it on.

May 21, 2012 06:01 AM #2
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Kevin for the re-blog. This Program can be Huge for many buyers looking at those REOs and foreclosed homes. It's great to have another resource for buyers to get financing.

May 21, 2012 09:11 AM #3
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

Barbara Jo,

You can always check HOMEPATH.COm for the latest lists and not all of them are listed yet.  Who knows, maybe you can get lucky and help your client by one without a bidding war.

 

May 21, 2012 10:35 AM #4
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David,

Thanks so much for stopping by and please feel free to visit my blog and reblog anything you find interesting.

Especially our LOCALISM post on PA BBQ's anniversary this week.

We like to help our local businesses.

May 21, 2012 10:38 AM #5
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
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Jerry,

It sure is and the NO APPRAISAL part is HUGE as no matter how much it bids up, it is still financable.

May 21, 2012 10:39 AM #6
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