Special Foreclosed Property Financing
Posted On: July 12th, 2009 by James Posted In: Mortgage Insurance • Mortgage Programs
My company Mortgage Trust has access to a special Fannie Mae loan program called the HOMEPATH mortgage. It allows buyers to buy homes with 3% down, No mortgage insurance, and No appraisal. Credit scores are flexible, as are payment structures (ARMS are available, as well as interest only payments). Here’s what is really interesting about this program, The Homepath loan is ONLY available for certain properties. The house used as collateral MUST be a Fannie Mae Bank repossessed property. So this amounts to “special financing” for foreclosed homes.
One of the best things about this program is its availability to Investors! You can buy a Fannie Mae Foreclosed property with this program, the minimum downpayment is only 10%. So you can invest in real estate with 10% down… NO mortgage insurance, and NO appraisal!
Please contact me for details.
SEARCH FOR AVAILABLE FNMA FORECLOSURES HERE.
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