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.
Homepath Mortgage
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.
Home Loan Boise and Waterstone Mortgage – Prime Equity Group
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