- Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
- You may qualify even if your credit is less than perfect
- Available to both owner occupiers and investors
- Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
- No mortgage insurance*
- No appraisal fees
- Also eligible for HomePath Renovation Mortgage (see details below)
- HomePath Mortgage financing is available from a variety of lenders.
http://www.fanniemae.com/homepath/financing/index.jhtml
There is also a mortgage program for buying a home that needs light renovation. See same page.
You must use a HomePath mortgage lender, email me for contact information. If you need help finding/buying one of these homes, send me an email. This is a great opportunity to find a nicely priced home and using a mortgage program that's manageable.
