Financing in 78163>Question Details

Robert Evans, Real Estate Pro in Bulverde, TX

what are the details about homepath mortgage?

Asked by Robert Evans, Bulverde, TX Mon Apr 25, 2011

homepath financing fannie mae

0 votes Share Flag Financing in 78163

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Homepath mortgages are for REO or Fannie Mae owned properties only. There is no PMI. No appraisal. As little as 3% down. Fannie Mae will pay up to 3.5% towards closing costs for the Buyer. You do not have to be a first time home buyer or even an owner-occupant or second home. They even have a renovation loan. Some condos are waived and are eligible. I believe that there is an appraisal required for the renovation loan. It is a great incentive to sell all of those foreclosures!
1 vote Thank Flag Link Mon Apr 25, 2011

I know I am late to the party but if you email me I will forward you the underwriting guidelines on this program. I will also include the renovation ones as well. This will answer all your questions with 100% accuracy.
Web Reference:
0 votes Thank Flag Link Tue Nov 8, 2011
Hi Robert:

For the details about Homepath Financing, check out the URL below.

0 votes Thank Flag Link Mon Apr 25, 2011
Thank you Brenda for an accurate and precise answer, thumbs up!
I would only add that on a non-owner occupied property the max LTV is 90%.
0 votes Thank Flag Link Mon Apr 25, 2011
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