What is Homepath and Homesteps?

By
Mortgage and Lending with Mortgages Unlimited, Inc NMLS 274132

You've seen the logo's, but what is HomePath and HomeSteps?go!   

Fannie Mae HomePath lender in MN and WIThe HomePath and HomeSteps programs allows a person to buy a specially designated Fannie Mae or Freddie Mac owned foreclosed property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed as well

Freddie Mac HomeSteps lender in MN and WIHow Does It Work?
Simple. Just follow these steps:

  • Apply with a lender. Get Pre-Approved. Just qualify for a traditional financing with at least 3% down.
  • Meet with a Realtor - Look at homes, buy your dream house.  You MUST select a home to buy from a special list of available foreclosed properties
  • Close and move in!

Where can I see the list of available houses? 
Easy. Contact a Real Estate Agent,  and they'll show you a list of qualified HomePath and HomeStep properties.

What about closing costs? 
Closing costs can be rolled into the transaction, up to 6% of the loan amount.

Investors Welcome! Investors can buy Homepath properties too!

How do I get started? 
It all starts with a no obligation application, and a visit to a special lender offering the Homepath programs.

Buying a home in MN or WI?  Click here for a HomePath, HomeSteps lender in MN and WI, or call (651) 552-3681, where one of our specially trained Loan Officers will assist you. 

 

(C) 2012 - Joe Metzler - Mortgages Unlimited, St Paul, MN #274132. Re-blog but do not steal!

We lend in MN and WI ONLY. Searching rates on home loans, rates for refinancing your mortgage in MN or WI. We have some of the best rates on home loans!

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Topic:
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Location:
Minnesota
Groups:
Mortgages
All About Mortgages/Mortgage Networking
Minnesota Real Estate
Investment Property (USA)
Tags:
minnesota
lender
wisconsin
wi
mn
homesteps
homepath

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