There are still ways to get into your own home with a small down-payment and fewer closing costs....
Fannie Mae (FNMA) is not in the house selling business, but they do own many homes through the foreclosure process. They want them sold so they created a program called HOMEPATH to help with the quick sale of the homes on their books.
What does HomePath mean to you:
You can have up to 95% LTV (Loan to Value) for a home you plan to occupy.
You can have up to 90% LTV for non-owner occupied properties and you can have up to 10 of these homes.
You will pay NO mortgage insurance meaning your debt-to-income ratio can be higher
No Appraisal fee: keeps your closing costs down
Home Owners Association certification (if property is a condo)
Want to look at some HOMEPATH properties? Give me a call. Want more info on the program, go to http://www.homepath.com
![Active Rain Blog]( <a href="http://activerain.com/sfield"> <img src="http://activerain.com/images/linking/ARLogoProfile.gif" alt="Shelly Field (Greene Realty Group): Real Estate Agent in Olympia, WA"/> </a> ){kind=link}
A pro realtor really is a big help in business transactions like house selling or purchasing because an effective realtor can can close the sale of your home and can determine when, where and how precisely to advertise your property
Posted by: Salt Lake City Realtor | May 12, 2011 at 01:05 AM