Fannie Mae has established it’s new HomePath progam to reduce its portfolio of tens of thousands of foreclosed homes. This present real estate investors with a great new opportunity. Fannie Mae must sell these houses to stop the bleeding of red ink, and will finance the transaction to new owners with attractive terms.
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
•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
•No appraisal fees
•Also eligible for HomePath Renovation Mortgage
•HomePath Mortgage financing is available from a variety of lenders – both local and national.
Get more details, and locate properties in your area at:
Upcoming radio interviews
September 15 at 8:05 am, the Dan and Mike Show with Dan Ramey, WBEX 1490 AM, Chillicothe, Ohio.