HOMEPATH.

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FANNIE MAE’s GOOD DEED DEAL

FANNIE  MAE owns a good percentage of all Foreclosed homes (R.E.O’s) in todays market, and for many reasons they are more agressive in trying to get them sold.

HOMEPATH is the fantastic program they have developed to make this happen.

HOMEPATH MORTGAGE allows ANY Buyer (not just 1st timers) to buy a Fannie Mae owned house with:

0 LOW DOWN PAYMENT. 3% which can be from Savings, Gift, Grant (see CHP at http://mccordrealtyservices.com/wp-admin/post.php?action=edit&post=542 ) or virtually any other source.

0 NO LENDER REQUESTED APPRAISAL.

0 NO MORTGAGE INSURANCE (P.M.I.).

0 EXPANDED SELLER CREDITS FOR Closing Costs.

0 FLEXIBLE TERMS i.e. 30 yr fixed, 3,5,7, Year Adjustables etc

o O.K. FOR PERSONAL OR INVESTMENT properties.

0 VERY FLEXIBLE CONDO REQUIREMENT (more so than FHA).

IN ADDITION

There is the HOMEPATH RENOVATION MORTGAGE which is designed for properties needing moderate renovation work. As well as all the benefits of the regular HOMEPATH  progran this provides up to $35,000 cash for Repairs and Remodelling.

This amount is added to the regular mortgage based on the value of the property once the work is completed.

Any active Buyer should be sure to check any available houses covered by the HOMEPATH Programs.

For more information contact me at bmccord@rwnetwork.com or scroll down the the next item here.

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