HomePath Downpayment Increase To 5% Now Effective for Atlanta GA Homes

Reblogger Larry Johnston
Real Estate Agent with Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC RB14037276

 

Lynn Friedman has a lot of information that many of us miss.  Just like this blog, informing us about the Homepath increase. Just recently she blogged about the demise of Windows XP coming.  If you do not know Lynn or have not read her blog posts, I would highly recommend following her.

Original content by Lynn B. Friedman

HomePath Downpayment Increase To 5%
Now Effective for Atlanta GA Homes

Atlanta Homes ODAT Realty

All loan financing submissions to HomePath prepared since November 16, 2013 must meet the HomePath Downpayment Increase To 5% now effective for Atlanta GA Homes and all across the country.

Regardless of what an existing advertisement for loans or listing may say, the new regulation has been implemented across the United States. HomePath Downpayment Increase To 5% will apply to all requests. 

Atlanta Homes ODAT Realty has partnered with several Lenders to assist you with HomePath purchases. Just contact us and we will connect you to them. All offer the first online application process at no charge. Once you have submitted ALL the required paperwork, you will have na answer within 24 hours usually. They can explain further about the new regulation since HomePath Downpayment Increase To 5% now will apply to your request.

Interested in more financial information? Find an explanation of their program at this link. Want even more information? FAQ's Page at Fannie Mae contains an extensive number of links for you to follow.

 

We welcome you to search for homes by using our link to Atlanta Buckhead, Midtown or Westside homes and condos. Go there to search for the home that you want! We at ODAT Realty are ready, waiting and able to assist you when YOU are ready. Call 404-939-2727.

 

Have a happy day -
Lynn

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                           Lynn B Friedman reviews                  Trulia logo Atlanta Homes ODAT Realty             View Lynn B. Friedman's profile on LinkedIn

 

 

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Ambassador
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Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dear Larry -
You are really increasing my smiles this week!
Thanks for the re-post!
Have a happy day -
Lynn

Nov 24, 2013 12:30 PM #1
Rainmaker
1,267,934
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Larry:

Thanks for sharing this. Hope you have a great week. 

Nov 24, 2013 10:50 PM #2
Ambassador
2,521,996
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Thanks  Reblogging this, Larry!

  My concern with FNMA HomePath is that FNMA may be over-valuing some houses.   Some houses appear to be priced 125% over Market Value.   People think they are "getting a deal" because it is a Foreclosure with "easy" financing.  They may be paying too much.

Nov 25, 2013 12:20 AM #3
Rainmaker
1,682,789
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Lynn,  Thanks for making this information available to us.  Have a wonderful Thanksgiving week.

Nov 25, 2013 05:20 AM #4
Rainmaker
1,682,789
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Alan, Thanks for stopping by and commenting.  Have a great day.

Nov 25, 2013 05:20 AM #5
Rainmaker
1,682,789
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Fred,  That may be right since they price everything from afar, without checing the local market value.

Nov 25, 2013 05:22 AM #6
Rainmaker
2,433,224
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!
I would not recommend a homepath loan to anyone, exorbantant fees plus they don't require an appraisal. How is that fair market value. It's more like they want what was owed on the property...kind of like the over valuations we had a couple of years ago...
Nov 25, 2013 05:22 AM #7
Rainmaker
1,682,789
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Ev, Thanks for the coment.  You may be right. The are regressing.

Nov 25, 2013 05:24 AM #8
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Larry Johnston

Broker,Friends & Neighbors Real Estate, Elkhart,IN
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