I wanted you to be aware of a special loan program Fannie Mae has created for Fannie Mae owned property.
It’s called HomePath. It allows a low down payment and flexible mortgage terms.
Here are some of the great features of this loan…
1) Only 3% down payment. …and, this down payment can be a gift, or even a loan from your employer!
2) No lender requested appraisal!
3) No mortgage insurance! …This is a biggie.
4) Generous seller contributions for closing costs.
5) Available for primary residences, second homes, and investment properties.
Have your Realtor do a search for Home Path homes in your area. They are usually competitively priced, and you can’t beat the loan terms!
That’s it for today.
Thanks for reading!