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Fannie Mae Expands Investor Financing Options

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Real Estate Agent with Samson Properties SP98364271

nie Mae expands investor financing options.


Just received this e-mail from Tim and Julie Harris Harris Real Estate FANNIE MAE HOME PATH PROGRAMUniversity since I subscribe to their daily e-mails. Fannie Mae recently announced the expansion of its Homepath Mortgage product that provides home buyers and investors financing for the purchase of Fannie Mae-owned properties. This new product from Fannie Mae will allow eligible invididual and LLC borrowers to finance up to 20 properties using the Homepath Mortgage. NAR has long called for expansion of financing opportunities for investors as a way to increase the absorption of REO properties. Fannie Mae will offer flexible lending terms and will not require appraisals of the properties.

 

First of all my hands off to Fannie Mae. Happy to hear also that NAR has been pushing this too for a long time. I can only hope offering a product like this will help make more qualified renters who want to buy a house become homeowners. Many real estate investors out there are already buying up good amount of these properties. So this product should help them buy even more real estate investment properties. And this product will definitely help move inventory especially in a area like PG County MD where they are still a lot of Short Sales and Foreclosures. Though recently I have been seeing some regular sales come on the market in this area.

 

So what do you think about Fannie Mae expanding financing options?  Also visit Home path financing options for more information on the program and participating lenders.

Comments (2)

Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Lanre, This is some great news for Investors, who are looking to purchase some Fannie Mae properties. Flexible Terms and No Appraisals sound like a Good Move.

Sep 22, 2012 04:23 AM
Michele Cadogan 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Landre,

This sounds like great news, hopefully this will keep the market moving in the right direction.  Thanks  for sharing and have a great weekend.

Sep 22, 2012 10:38 AM