Have You Heard About HomePath?

Fannie Mae’s newest website www.homepath.com lists properties that are Fannie Mae owned and available for purchase on the Fannie Mae HomePath loan program. Homepath is designed to make it easy for a buyer to take advantage of buying a foreclosure from Fannie Mae. The program is available for buyers interested in buying the home as either a residence or as a rental property and even allows qualified buyers to borrow the money to renovate the property.
Here are some of the highlights of the program:
*No appraisal is required
*Residence buyers can buy with only 3% down and have no mortgage insurance
*Investors can get 90% financing and have no mortgage insurance
*Closing costs can be financed
*HomePath Renovator can build the cost of improvements into the deal

Best of all you get all this with a great low, fixed rate. For more information on the program or to view properties in your area go to www.homepath.com.

Advertisement