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HomeSmart Real Estate
Arizona Homes for Sale by a Guy from Iowa
Fannie Mae homes are a great opportunity as well as HUD homes, and Freddie Mac properties. I would not limit myself, take advantage of all of the phenomenal opportunities, especially the FHA lending if you qualify for this, it is only 3.5% down which is a big deal!
Want all the details. Call or Email me, I have lenders ready for the call
Arizona Elite Properties
Karla FInch ABR,CRS, SRS
Fannie Mae homes have been checked out. They are not perfect. An inspection is allowed befor you purchase. Fannie Mae also provides a 3% down through their HomeSteps Financing. This is less than FHA of 3.5%. Fannie Mae often provides Renovation Finanancing if the home requires repairs prior to move in. Also, Fannie Mae will guarantee the loan if you use Homesteps, so you do not have to worry about the bank approving the home with a bank appraisal. Fannie Mae often contributes towards buyers closing costs. So, in summary....yes consider a Fannie Mae home.
More info for a first time homebuyer: http://www.arizonahomesland.com/firsttimehomebuyers.html
May I wish you the best.
Arizona Homes and Land
Frankly, it does not matter if the home is Fannie Mae, Freddie Mac, IncyMac, Wells Fargo.........or any other entity or person.
Do you like the home?
Do you like the area?
Do you like the price?
If these questions produce a yes answer, then I would suggest to move forward. The entity selling has nothing to do with location, condition etc. If you find a home you truly like, and meets all your criteria move on it. The key I think once you find all that is to make sure you get a home inspection. That way you've got the answers to the above questions, but also know the condition of the home. In that way you'll be able to decide if the home is too much work to take it.
Hope that helps
It's been the easiest transaction this year! The upside is that you don't have to wait for the lengthy
process of short sale homes. This property is closing in 33 days. We even wrote into the contract to
have certain repairs made on the property and they were completed by Fannie Mae's contractor's.
I think as first time home buyer's, names such as Fannie Mae, Freddie Mac, etc. is intimidating. If
your agent is familiar with the process, you can purchase any home and feel confident. You should
search for the type of home you want and let your agent guide you through the process.
Best of Luck!
By managed, careful due diligence is required when we look at the home, a proper Home Inspection etc to protect you. It can be done and can end up in a very nice home.
Select a buyers agent to represent your interests!
What did your Buyer's Agent advise you to do?
Did your lender say something to you about Fannie Mae owned properties?
I have personally purchased a HomePath home within the last three months and it is a great home. There are warranties offered for non-investor buyers, so a HomePath purchase can reduce many of the risks and headaches that come with a short-sale or other lender-owned property investment.
Any home, Fannie Mae or otherwise can have its issues, but as a first-time buyer, I would suggest you keep your eye out for HomePath possibilities. I hope you find a great home. Blessings to you.
My team and i have helped almost 60 people purchase HUD homes already this year. We can help you too.
Licensed Loan Originator
Amerifirst Financial, Inc.
Apply Online: http://www.mattpuzz.com
In fact, Fannie has better terms for buyers than FHA. Go to the Fannie Mae website.,.....
HomePath.com for details on the Fannie Mae loans for Fannie properties. There are a great many Fannie properties around the metro area. I'm sure you can find a Fannie home that will meet your neeeds.