HomePath® Mortgage Financing
This special financing is available on Fannie Mae homes
The benefits include:
- No lender-requested appraisal
- Low down payment — at least 3 percent can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
- Flexible mortgage terms (fixed-rate, adjustable rate, or interest-only)
- No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
- Expanded seller contributions for closing costs.
- Available for primary residences, second homes and investment properties.
- Many condo project requirements are waived; ask your lender for details.
- Ask me for a list of eligible properties!!
Source : Homepath.com