Monday, October 17, 2011

HomePath -- Only 3% down and no mortgage insurance required!

I wrote earlier about the HomePath program, but it is SUCH a good deal, I want to keep talking about it so you really get how incredible this program is. Here are the HomePath benefits for buyers:

- Only 3% down required on purchases for primary residence
- Only 10% down for purchase of 1-2 unit investment properties
- NO mortgage insurance required
- NO lender appraisal required

Unless you inherit a property, or win the lottery, you just are not going to find a better deal out there.

There are a lot of homes on the market right now, and some of these are really good deals. Combine killer interest rates with the above benefits, and you have a winning situation all day long.

HomePath properties are owned by Fannie Mae as a result of foreclosure, deed in lieu of foreclosure, or forfeiture. You can’t buy these homes directly from Fannie Mae; you need to use a Real Estate Agent.

Contact me to help you purchase through HomePath. Let's make hay while the sun shines.

Geoffrey Gault 408-202-2089

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