FNMA Homepath

Special Offer:

HomePath® Buyer Incentive: June 14 – October 31

Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through October 31, 2011. A $1,200 selling agent bonus is also available to selling agents who close on an owner occupant property and meet all eligibility requirements and terms and conditions.

See the Special Offers Section at www.homepath.com for terms and conditions or click the following: HomePath Special Offers

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned (REO) property with a low down payment, no lender-requested appraisal, and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

 

Benefits:
Low down payment
.

Down payment (at least 3 percent) can be funded by the borrowers own savings or a gift.

No appraisal required!

No mortgage insurance!

No condo project approval required.

Expanded seller contributions for closing costs allowed.

Available for primary residences, second homes and investment properties.

 

The property must be listed on the Fannie Mae HomePath® Web Site, (a

Fannie Mae REO) to be eligible: www.homepath.com

 

 

Highlights:

  • Up to 97% LTV on primary residence
  • Up to 90% LTV on second homes and investment properties (including eligible condos)
  • 640 fico up to 80% LTV
  • 660 fico for 80.01% to 95% LTV
  • Eligible in conjunction with our High Balance Products!

Ask about special rates!