Are there any Home Path Financing experts out there? Here is what I have but I'm not sure if it's still accurate.
HOMEPATH FINANCING UPDATE:
Limited Time Offer For 3.5% CLOSING COST CONCESSION from Fannie Mae
Fannie Mae has now made its HOMEPATH financing even more attractive for your customers and you. All Homepath buyers with purchase contracts on primary residences that are dated after June 14, 2011 and scheduled to close by October 31, 2011 will be eligible to receive a 3.5% CLOSING COST CONCESSION directly from Fannie Mae.
Combine this with the other HOMEPATH FINANCING benefits and for a limited time your customers can purchase a Fannie Mae owned property as a primary residence with
almost no out- of- pocket expense.
HOMEPATH FINANCING BENEFITS:
- NO MORTGAGE INSURANCE
- NO APPRAISALS REQUIRED
- FANNIE REO PROPERTIES
- UP TO 97% LTV
- AS LOW AS 620 MINIMUM FICO
- PRIMARY RESIDENCE, SECOND HOME & INVESTMENT
- 3% DOWN PAYMENT CAN BE A GIFT ON PRIMARY RESIDENCE