Agent2Agent in Ventura>Question Details

Cooperginny, Real Estate Pro in Ventura, CA

WHAT IS A HOMEPASS LOAN?

Asked by Cooperginny, Ventura, CA Mon Feb 8, 2010

Help the community by answering this question:

Answers

3
Hello Cooperginny,

Try this link for complete details: http://www.homepath.com/
0 votes Thank Flag Link Mon Feb 8, 2010
This special financing available on designated Fannie Mae REOs. These loans offers 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 It is available to both owner occupiers and investors. The downpayment of at least 3 percent can come from your savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer. There are no appraisal fees and no mortgage insurance. The downside is that the interest rates tend to be higher and there may be additional fees if you elect the "no mortgage insurance" option.
0 votes Thank Flag Link Mon Feb 8, 2010
I think you mean HomePath

http://www.homepath.com/fha.html
0 votes Thank Flag Link Mon Feb 8, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer