How to Buy a Home With Only 3% Down and No Mortgage Insurance
January 19, 2011The Fannie Mae Homepath loan can be a great way to buy a home. Fannie Mae has designed a program to address the concerns that buyers have in regards to qualifying for a home loan. The Homepath loan offers buyers the chance to buy a Fannie owned home with as little as 3% down and no monthly mortgage insurance. There is also no apprasial since Fannie is making a loan on a home it owns,
For investors the Homepath loan will finance up to 90% of the value of the home also with no mortgage insurance and no appraisal.
To find a home that qualifys for the Homepath loan you can go to http://www.homepath.com
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