The Kunselman Team would like to introduce you to the Fannie Mae HomePath® Program and HomePath® Financing. As one of the largest owners of mortgages, Fannie Mae currently has a lot of foreclosures on their books. If you go to www.HomePath.com you can actually look up Fannie Mae Foreclosures in your area. On the right side of the listings it explains says whether or not the property is eligible for Fannie Mae HomePath® Financing. This new mortgage program has many advantages for anyone looking to buy a new property whether they are looking to buy a primary residence, 2nd home or and Investment property. Below is list of the unique benefits that the Fannie Mae HomePath® Financing offers to home buyers.
Benefits of HomePath® Financing
1. No appraisal required. This can save you hundreds of dollars.
2. Down payment as low as 3% on Primary Residences.
3. Down payment as low as 10% on Investment Properties.
4. No Monthly or upfront mortgage insurance required for any occupancies and/or Loan to Values.
5. Condo Projects do not have to be reapproved. (This is great if the owner occupancy is less than 50%.)
HomePath® Buyer Incentive: June 14 – October 31
Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through October 31, 2011. These funds can be used to pay closing costs and escrow as well as helping you to buy down your interest rate. No part of these funds can be used as part of your down payment.
Contact The Kunselman Team TODAY to get
pre-approved or for any additional information!
