FNMA Foreclosed Properties - HomePath Mortgage


homepath

Specifically for Borrowers Purchasing a Fannie Mae-Owned Property!


FEATURES AND BENEFITS

  • No appraisal required.
  • Low credit score requirements.
  • Available to both owner-occupiers (primary and second homes) and investors.
  • Up to 6% interested party contribution.
  • No mortgage insurance required.**
  • Maximum LTV of up to 97%.
  • EA I, II and III accepted.
  • Up to 10 financed properties

FLEXIBLE TERMS

  • 10-, 15-, 20-, 25- and 30-year fixed rate.
  • 3/1 and 5/1 Libor ARMs.
  • Interest-only options available.

ELIGIBLE PROPERTY TYPES*

  • 1- to 4-unit properties.
  • Condominiums.
  • Planned unit developments (PUDs).
  • Modular homes.
  • Manufactured homes (double-wide only).

*All properties must be designated by Fannie Mae on the www.homepath.com Web site as eligible for HomePath fi nancing. HomePath is a registered trademark of Fannie Mae. Geographic, unit and other restrictions may apply. **Ask about cost details on loans without mortgage insurance. All borrowers are subject to credit approval. Programs subject to change. The information provided in this fl yer is for dissemination to and for the use of real estate and fi nancial business entities only and is not an advertisement for the extension of credit to consumers. 0209