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DOes anybody now about Homepath loans?

Are these available to anyone and are they at zero down? ANy information is greatly appreciated. by JodieO_673_962 from Sacramento, California. Oct 18th 2011 Reply


Nic Netherton (ColoradoLender)
#16 ranked lender in Colorado - 57 contributions

Yes we originate a lot of Home Path mortgages here in Colorado. It is a very good program. The minimum required down payment is 3% with better rates with 5% down, no monthly mortgage insurance and no appraisal is needed.For assistance in California I would suggest you apply at www.wefixrates.com as they are the foremost expert in California Home Path loans.Best of luck,Nic Netherton

Oct 18th 2011
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Brad Yzermans (HomeLoanArtist.com)
#514 ranked lender in California - 10 contributions

No, USDA loans provide for 100% financing, not HomePath loans.HomePath requires a minimum of 3% down payment, requires no appraisal, and has no monthly mortgage insurance. This results in a slightly higher rate than an FHA loan, but a lower payment due to not having PMI.You need to qualify for the loan like any other loan process....need a minimum FICO credit score of 660 when making 3% down payment.You can view more details on my blog http://homeloanartist.com. We are a direct lender based on Fairfield, CA.

Oct 18th 2011
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Elise Groves (EliseGroves)
#522 ranked lender in California - 4 contributions

HI Jodie - Homepath loans are excellent loans and are only available if the property is owned by FannieMae. But they are great...Here is a short 60 sec video explanation of them from my You Tube Channel: http://youtu.be/ifAYxNBc76gI would be happy to help you and answer any further questions you have.Happy home hunting!Elise Groves, Your Mortgage RetrieverElise@Groves-Team.net

Oct 18th 2011
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Nathan Rufty (nathan.rufty)
#524 ranked lender in California - 63 contributions

Jodie, HomePath has many benefits to it, such as no appraisal is required, no monthly mortgage insurance and the the down payment can be gifted if need be or you can borrower from your retirement plan. But if you are looking for 100% home loan programs we can VA, USDA and FHA with a CHDAP 2nd that only requires 1% down payment, please calll me to see what area you are looking to purchase and maybe the USDA will come into play or if you our spouse is a Veteran then that is another great lona program. call me at 909-230-4395 to discuss.

Oct 18th 2011
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We offer Homepath Loans here at Californiamortgagedirect.com. Please visit our site and give us a call. I can also answer any questions you may have in this discussion.

Oct 18th 2011
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

HomePath Loans are only available on HomePath homes. They are 3% down for owner occupant borrowers, and a minimum of 10% down for investor borrowers. Anyone can apply assuming they meet standard underwriting guidelines. Also, the credit score requirements are higher than FHA. WilliamAcres.com

Oct 18th 2011
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