Is HOME PATH .com a good company to do business with

Asked by Clayton71740, 94044 Fri Jun 4, 2010

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3
Emelia Sanch…, , Ontario, CA
Fri Jun 4, 2010
Hello Clayton,

Homepath is a loan product than is offered by Fannie Mae on their foreclosed homes. Not every lender is a vendor. In CA I use Prospect Mortgage or you can go to the Homepath website and see if there is a lendor near you.

3% Down Payment, FICO 680, No PMI, No Appraisal Fee. A lot of their homes are carpeted and freshly painted. they give first time homebuyers an opportunity to purchase before they sell to the investor. They have incentives like down payment assistance you will need it because you need to pay some of their closing costs in addition to yours. Higher interest rate than FHA.
0 votes
Roswell Moore…, Mortgage Broker Or Lender, Scottsdale, AZ
Fri Jun 4, 2010
Hey Clayton,

Here's a little more on HomePath:

http://www.trulia.com/voices/Financing/I_was_curious_how_FHA…

Enjoy,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
Web Reference:  http://www.ezAZloan.com
0 votes
Christopher…, Agent, Methuen, MA
Fri Jun 4, 2010
Yes, HomePath.com is a Fannie Mae website. Fannie Mae is government sponsored and they work in the secondary mortgage market buying mortgages from mortgage brokers and banks. Here is a link with more information on Fannie Mae.
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