As the market moves forward one of the most competitive conventional programs currently available is Fannie Mae's Home Path. This loan is available only for the purchase of Fannie Mae-owned properties and includes some very attractive features:
- Up to 97% LTV for primary residence
- Up to 90% LTV for investment and 2nd homes
- No prepayment penalty
- No appraisal
- No PMI
- No declining market policy (great for our area!)
- 3% down payment may come from a gift, grant or non-profit loan
- Special Home Path Protection home warranty
- Competitive credit guidelines
To search for Home Path homes currently listed head to http://www.homepath.com. These homes are sold in "as is" condition but are priced well below the assessed value so a buyer is not only getting an affordable home, but the opportunity for immediate equity as well! Please note the following restrictions: this program is for conforming loan amounts only. Also, offers for Home Path homes may not include a home sale contingency on the part of the buyer.
925.964.1213 Direct // 925.570.0613 Mobile
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Cari CA Real Estate Broker License 01220718...NMLS License ID 234849
