Fannie Mae Foreclosures a great opportunity
Use Fannie Mae HomePath Financing to purchase a Sacramento Foreclosure
Sacramento Area Home Buyers and investors that haven’t discovered Fannie Mae HomePath properties and financing are missing out on a great opportunity. Fannie Mae markets its foreclosed property under the HomePath brand and even has special HomePath Financing to help complete the sale. Fannie Mae lists Sacramento Area foreclosures with local Realtors. HomePath Financing is available through selected banks and your locally approved Sacramento mortgage broker.
Fannie Mae Foreclosures a great opportunity
Use Fannie Mae HomePath Financing to purchase a Sacramento Foreclosure
Sacramento Area Home Buyers and investors that haven’t discovered Fannie Mae HomePath properties and financing are missing out on a great opportunity. Fannie Mae markets its foreclosed property under the HomePath brand and even has special HomePath Financing to help complete the sale. Fannie Mae lists Sacramento Area foreclosures with local Realtors. HomePath Financing is available through selected banks and your locally approved Sacramento mortgage broker.
Use Fannie Mae HomePath Financing to purchase a Sacramento Foreclosure
Sacramento Area Home Buyers and investors that haven’t discovered Fannie Mae HomePath properties and financing are missing out on a great opportunity. Fannie Mae markets its foreclosed property under the HomePath brand and even has special HomePath Financing to help complete the sale. Fannie Mae lists Sacramento Area foreclosures with local Realtors. HomePath Financing is available through selected banks and your locally approved Sacramento mortgage broker.
Fannie Mae announced that it is extending its HomePath buyers incentive program until June 30, 2010. Buyers that purchase a foreclosure that is a HomePath property are eligible for a rebate of 3.5% of the purchase price. This incentive can be used toward closing costs, a choice of selected Whirlpool appliances, or a combination of the two.
Sacramento Realtors signed up with Fannie Mae HomePath to list these properties in their local market are a great source for opportunities. Buyers can search for a foreclosure on-line at http://www.homepath.com/ and find some very well priced Sacramento area homes with low down payment financing options.
Special HomePath Financing includes several benefits:
· Fixed or adjustable rate mortgage programs available.
· Available to owner occupants and investors.
· Credit scores as low as 660.
· Low down payment options down to 3% for owner occupants and 10% for investors.
· Gift funds acceptable for down payment
· No mortgage insurance required.
· No appraisal required.
· Up to 6% seller concessions allowed.
HomePath properties and financing programs offer a unique opportunity for buyers and investors to purchase a home with as little as 3% down. Most of these properties are instant cash flow for investors and close faster then traditional mortgages. First time home buyers, why pay mortgage insurance because you don’t want to put 20% down on a home? FHA just increased their Mortgage insurance premium to 2.50%. This is a cost paid upfront when taking out an FHA loan without putting 20% down. With Homepath Financing there is no mortgage insurance ever!!!! Real Estate buyers can find an exceptional value and opportunity to purchase foreclosures with the ability to upgrade their homes on a tight budget.
