October 7th, 2009 1:33 PM by Mary Schwarz
Fannie Mae (FMAE) offers HomePath Financing on several of their foreclosed properties. This is a wonderful program that trumps FHA financing! If a buyer qualifies, the program offers a minimum of 3% down payment, no appraisal fee, and no PMI! This amounts to huge savings for the buyer. And if that was not enough, HomePath financing is also extended to investors. This means as a investor you can purchase a FMAE foreclosure with only 3% down!
If you want to take advantage of this program, give us a call and we'll show you the eligible properties.