Not only are some of these homes excellent deals but there is some very unique financing available with Fannie Mae owned homes.
It is called the HomePath program and here are some of its features:
* Owner occupied homes are available with a 3% down payment.
* ALL the Down Payment can be gifted.
* There is NO Mortgage Insurance required on this program.
* There is NO Appraisal required.
* Plus for a limited time, Fannie is offering to pay up to 3.5% of purchase price toward your closing costs.
Wow! That's a great deal!
And for you investors, it is possible to purchase a HomePath home as a rental property with as little as 10% down payment. And there is NO mortgage insurance required for this loan either.
There are typically HomePath homes available in most counties. And more are added frequently so keep checking the website.
For more information, click on the Buttons on the left or...
Call the 24-hour HomePath Hotline at 888-837-6836 and dial extension 3417.