HomePath® Mortgage Financing
This special financing is available on Fannie Mae homes with the Homepath Mortgage, Renovation Mortgage logo:
The benefits include:
* Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
* You may qualify even if your credit is less than perfect (Minimum Credit score required is a 660)
* Available to both owner occupiers and investors
* Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a
nonprofit organization, state or local government, or employer
* No mortgage insurance (Ask your lender for cost details on loans without mortgage insurance)
* No appraisal fees
* Also eligible for HomePath Renovation Mortgage (see details below)
* HomePath Mortgage financing is available from a variety of lenders - both local and national.
HomePath® Renovation Mortgage Financing
This special financing is available on Fannie Mae homes with the Homepath Renovation Mortgage logo:
Available only on homes you make your primary residence and offers these benefits:
* Financing to fund both your purchase and light renovation
* Low down payment and flexible mortgage terms (fixed-rate or adjustable-rate)
* Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit, state or local government, or employer
* No mortgage insurance*
* HomePath Renovation Mortgage financing is available from several lenders.
You can check out more information at http://www.fanniemae.com/homepath/financing/index.jhtml
We work with many investors and deal with homes like these often. We can help get you into one of these homes to live or to invest in for a great deal.
