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Jorge Alfaro's Blog

By Jorge Alfaro | Agent in Hawthorne, CA

HOME PATH FINANCING REQUIREMENTS??

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

Benefits to You, the Borrower

  • Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
  • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • No lender-requested appraisal.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs allowed.
  • Available for primary residences, second homes and investment properties.
  • Many condo project requirements are waived; ask your lender for details.



    OBJECTIVE REAL ESTATE

    6399 WILSHIRE BLVD SUITE 908
    LOS ANGELES, CA, 90048
    Office: 213-417-3898
    Cell: 310-486-2132
    Fax: 877-310-3002
    www.objectivere.com


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