Monday, June 20, 2011 - Article by: Jeff Hutchison - Charter Mortgage Marketing -
Fannie Mae's HomePath(R) Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. Loan Closings take place in 1 week or less depending on title. Fannie Mae pays 3.5% of closing costs for Primary.
Fannie Mae HomePath(R) Benefits to You, the Borrower
Low down payment and flexible mortgage terms (fixed-rate, adjustable)
Down payment can be funded by the borrower's own savings; a gift; a grant.
No lender-requested appraisal.
No mortgage insurance;
Expanded seller contributions for closing costs allowed.
Available for primary residences, second homes and investment properties.
Many condo project requirements are waived; ask your lender for details.
Get Fannie Mae HomePath(R) Loan rates and guidelines for Illinois, Iowa, Michigan, Ohio, New York, Maryland, Texas, Arizona, Nevada, California, Georgia, Virginia, Florida and the rest of the US. at http://www.mychartermtg.com/fanniemae-homepath.html
Fannie Mae HomePath(R) Financing provided by Jeff Hutchison at BNC national bank. A+ Better Business Bureau rating. Fannie Mae HomePath mortgage rate quote form below underwriting guidelines.(563) 344 - 7758
Didn't find the answer you wanted? Ask one of your own.