In today's challenging real estate market, more buyers are looking at REO properties. Foreclosures are presenting both realtors and lenders new challenges. To help, Fannie Mae's HomePath® program is designed to move Fannie Mae REO properties.
For the homebuyer, HomePath could be just what you or your client needs to move into a new home:
• Low down payment and flexible mortgage terms (fixed-rate and adjustable)
• No Mortgage Insurance
• No Appraisal Fee
• Borrowers may qualify even if their credit is less than perfect
• Available for owner-occupied, second and investments
• Single-family, condo, duplex, 4-plex all eligible
• Low down payment can be funded by:
- Borrower's own savings
- A gift or grant
- A loan from a non-profit organization, state or local government or employer
Give me a call today at (208) 287-1717. I know HomePath and REO properties. I can help you or your customers make the most of this unique program designed to help revitalize and stabilize neighborhoods.
Call us with any questions you have relating to residential mortgages (208) 287-1717, we are always very happy to help. We specialize in home loans for first time home buyers, move up buyers, second home purchases, and resort lending. The loan products available to my clients include FHA, IHFA, VA, Conforming Conventional, Jumbo and Super Jumbo Portfolio.
Our primary markets are Ada County (Boise, Eagle, Meridian, Kuna, Star), Canyon County (Nampa, Caldwell, Middleton), and Valley County (Cascade, Donnelly. Tamarack, McCall).
