Home Buying in Richmond>Question Details

Brenda Feria, Real Estate Pro in Richmond, VA

What is the best loan that you have found out there right now and why?

Asked by Brenda Feria, Richmond, VA Mon Oct 4, 2010

Help the community by answering this question:


The FannieMae HomePath loan allows as low as 3% down with no appraisal on homes from their list.
http://www.homepath.com. The no appraisal part is key, as I just represented a buyer who bought a home in need of some substantial repairs with this loan, good low rates. The only other option is expensive FHA 203k rehab loan that usually carries high rates and fees, and requires a lot more work.

Jeff Kropp
Exclusive Buyer Broker/Senior Mortgage Baker
1st Home Group
Lincoln Park, Chicago IL
0 votes Thank Flag Link Tue Oct 5, 2010
Hands down, Wells Fargo's 2% down, no appraisal.
0 votes Thank Flag Link Tue Oct 5, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer