Fannie Mae Homepath Mortgage In California is a post from: FHA,VA and Conventional Home Loans in all 50 States
Fannie Mae offers very special financing only on the properties where they owned the mortgages and they have taken back in foreclosure. This financing is called “Homepath Financing”. We are a lender that offers this special Homepath Financing.
Once again, you can only get Fannie Mae Homepath financing on properties Fannie Mae owns. All these properties will be listed on the market and you can talk to your local Realtor about finding them for you. The listing will state that this is a Fannie Mae property and Homepath eligible.
Below are some of the advantages of Fannie Mae Homepath financing:
- The down payment is as low as 3% down on the Fannie Mae Homepath Mortgage
- Homepath financing has no up front or monthly mortgage insurance. Other mortgages that require less than 20% down such as FHA or standard conventional loans will have mortgage insurance
- Homepath loans do not require appraisals. This can be helpful as FHA and standard conventional lending can run into many issues relating to appraisals.
So those are some of the principal advantages of Homepath Mortgage Financing in California. Please give us a call at 858-922-7899 or email at homeloan8@gmail.com if you have and questions or would like to be approved for a Homepath loan in California.
Regards,
Rob Chomentowski
Sr. Loan Officer (and FHA, VA, conventional, Homepath specialist)
858-922-7899
homeloan8@gmail.com